The US Commodities regulator launches “crypto sprint” to implement recommendations from President’s Working Group on Digital Asset Markets, focusing on stakeholder engagement. CFTC seeks public input on better regulating spot crypto trading. The agency aims to promote innovation in the crypto industry to deliver on President Trump’s promises.

The CFTC invites feedback from crypto market participants by October 20th. The agency’s efforts are part of the Trump Administration’s push to create a favorable environment for crypto innovation. Earlier this month, the CFTC launched its first crypto sprint initiative to explore trading spot crypto asset contracts on futures exchanges. The President’s Working Group made 18 recommendations, two of which directly concern the CFTC.

Trump’s pick for CFTC chair, Brian Quintenz, remains in limbo as the White House intervened to postpone a Senate vote on his nomination. Crypto advocacy groups are calling for Quintenz’s prompt confirmation, emphasizing the importance of a permanent chair for the agency to achieve its crypto goals. The CFTC is currently operating with only two commissioners, Pham and Johnson. Former CFTC Chair Rostin Behnam resigned in January.

Read more at CoinTelegraph: CFTC Kicks Off Second “Crypto Sprint” To Deliver White House’s Crypto Goals