The Commodity Futures Trading Commission Acting Chairman Caroline D. Pham announced that the agency will begin its next crypto sprint initiative. The initiative will focus on implementing recommendations from the President’s Working Group on Digital Asset Markets report.

The announcement follows the earlier launch of the CFTC’s crypto sprint this month. Pham said the process will include stakeholder engagement on all recommendations relevant to the CFTC.

CFTC Receives Feedback on Crypto Trading

According to Pham, the Administration considers federal-level trading of digital assets a top priority. She noted that the CFTC has received letters from stakeholders regarding its listed spot crypto trading initiative.

Feedback will be used to assess issues connected with leveraged, margined, or financed retail trading on CFTC-registered exchanges.

CFTC Coordinates Crypto Initiative with SEC

The initiative is being carried out in coordination with the Securities and Exchange Commission’s Project Crypto. Both efforts are linked to the President’s directive on American leadership in digital financial technology.

You may find it interesting at FinanceMagnates.com: CFTC Wants to Allow “Spot Crypto Asset Contracts” Trading on Registered Exchanges.

🚨NEW: CFTC Acting Chair @CarolineDPham today announced the agency’s next “crypto sprint” to implement recommendations from the White House crypto report.

Pham says the push, alongside @SECGov’s Project Crypto, answers Trump’s call for U.S. leadership on spot + retail trading.… pic.twitter.com/Ntq7Ic2Cjp

— Eleanor Terrett (@EleanorTerrett) August 21, 2025

Pham said the CFTC will also begin engagement on additional recommendations outlined in the Working Group report. The agency has invited public comments and suggestions on all recommendations that apply to its role.

CFTC May Approve Crypto Perpetual Contracts

Earlier, outgoing CFTC Commissioner Summer Mersinger confirmed that the agency may soon authorise the issuance and trading of crypto perpetual contracts in the United States. Speaking to Bloomberg TV, she said applications are under review and trading could begin shortly, noting that bringing such activity onshore would benefit the market.

Perpetual contracts, or “perps,” function like futures but have no expiration dates. They are widely offered by offshore exchanges such as Binance, OKX, and Bybit, and are already regulated in some European markets.