US Commodity Futures Commission (CFTC) launched a new initiative called “Crypto Sprint ı to implement the 168 -page crypto currency report released last week. Temporary Head of CFTC Caroline Pham“We do not waste time to realize the vision of President Donald Trump to make America’s center of crypto money,” he said. Pham stressed that regulatory clarity will bring innovation to the market and pave the way for digital finance. CFTC, Process US Securities and Stock Exchange Commission (SEC).
CFTC took action for crypto currencies with Crypto Sprint ”
Crypto sprint The focus of the initiative of the Congress of CMRRE to give CFTC crypto currency commodity spot markets clearly and clearly authorization proposal. According to the report, users crypto currencyIt is considered critical for economic growth to be able to hide their intermediaries and to clarify which crypto money transactions of banks. Pham said that CFTC’s advice quickly transforms these recommendations into rules and aims to give predictability to the market. Thus, both consumer protection will be strengthened and innovative initiatives will be prevented from shifting out of the United States.
White House‘s report released last week also contains a wide range of advice from stablecoin regulations to crypto money taxation. Although CFTC’s Crypto Sprint initiative has not yet been announced, it is not yet announced that special teams will be installed within the institution to update market surveillance technologies.
If the authorization proposal is enacted, the CFTC will be able to perform directly in the spot markets. Market manipulation, irregular leveraged transactions and cross -border license problems will be the only authority. This change is expected to bring redesigned registration processes from start to finish for stock exchanges and storage organizations.
Cycles of SEC and Project Crypto
If Crypto Sprint’s critical partner is SEC Project Crypto With its initiative, it plans to modernize the rules of securities for in -blockchain transactions. SEC President Paul Atkinscoin distribution, storage services and crypto currency trade while preparing new rules announced that they will work with CFTC. The two regulatory institutions will organize joint sessions in the first place and gather feedback from the sector representatives.
The new roadmap of the Trump administration corresponds to a harsh break from the uncertain approach of the previous period. Industry representatives of a CFTC-SEC duo with net authority areas of the US Global crypto currency centerHe agrees in the opinion that it will provide the necessary security network to convert.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
