CFTC Kicks Off Rapid Crypto Rulemaking in Response to White House Report

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The CFTC has begun a fast-tracked regulatory push—dubbed a “crypto sprint”—to enact key cryptocurrency policies outlined in the Trump administration’s latest report.

Acting Chair Caroline Pham confirmed Friday that the agency is partnering with the SEC on “Project Crypto,” a new initiative aimed at streamlining digital asset oversight.

“Under President Trump’s leadership, the CFTC is taking decisive steps to cement the U.S. as the dominant force in crypto innovation,” Pham said.

The move stems from 18 recommendations issued by the President’s Working Group on Digital Asset Markets. Two directives specifically target the CFTC: clarifying crypto commodity classifications and adapting derivatives rules for blockchain technology.

The remaining proposals involve interagency coordination with the SEC and Treasury.