The CFTC’s second “crypto sprint” asks market participants how the agency should regulate spot crypto trading, seeking public feedback to refine rules for leveraged, margined or financed retail trading on CFTC-registered platforms; submissions are requested by Oct. 20 to inform next rulemaking steps.
CFTC seeks public input on spot crypto trading and retail leverage rules
The initiative follows recommendations from the President’s Working Group on Digital Asset Markets and the White House policy report.
The CFTC requests comments by Oct. 20; agency coordination with the SEC is highlighted in prior sprint guidance.
Meta description: CFTC crypto sprint seeks public input on regulating spot crypto trading and retail leverage; submit feedback by Oct. 20 to shape rulemaking. Learn how to respond.
What is the CFTC’s second crypto sprint and what does it seek?
The CFTC’s second crypto sprint is a stakeholder-engagement effort to collect public feedback on regulating spot crypto trading, especially for leveraged, margined or financed retail activity. The agency aims to use responses to refine regulatory approaches and consider amendments to rules that affect blockchain-based derivatives and commodity classifications.
The Commodity Futures Trading Commission (CFTC) launched this follow-up sprint to implement recommendations from the President’s Working Group on Digital Asset Markets and to advance the White House’s digital asset agenda. Acting Chair Caroline D. Pham emphasized the value of market input for careful rule development.
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The CFTC invited written comments from crypto market participants and stakeholders, with a deadline of Oct. 20. Submissions should address how the agency can best regulate spot crypto trading and retail leveraged activity on CFTC-registered exchanges. The agency will review feedback to inform potential rule changes and coordination with other regulators.
The President’s Working Group on Digital Asset Markets issued 18 recommendations relevant to the CFTC. Two recommendations directly tasked the CFTC to: 1) clarify how cryptocurrencies qualify as commodities and how decentralized finance firms can comply with registration rules, and 2) consider amending rules to accommodate blockchain‑based derivatives.
Sixteen additional recommendations involved coordination across agencies, including the Treasury and the Securities and Exchange Commission (SEC). The CFTC’s first crypto sprint emphasized interagency collaboration to create a clear rulemaking path for crypto markets.
Leadership stability affects the CFTC’s ability to complete rulemakings. Brian Quintenz’s nomination for CFTC chair remains pending following a postponed Senate vote. Several crypto advocacy groups have urged prompt confirmation of Quintenz, calling a permanent chair “absolutely critical.” The CFTC currently operates with two commissioners: acting Chair Caroline D. Pham and Commissioner Kristin N. Johnson.
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Source: https://en.coinotag.com/cftc-may-seek-public-input-on-spot-crypto-regulation-in-second-crypto-sprint-potentially-affecting-bitcoin-trading/