Acting Chair Pham of the CFTC announced the launch of a new round of encryption sprint initiatives to implement the digital asset strategy of the Trump administration.

[The acting chair of the CFTC, Pham, announces the launch of a new round of encryption sprint program to implement the digital asset strategy of the Trump administration] Acting Chair Caroline D. Pham of the Commodity Futures Trading Commission (CFTC) announced on August 21 that the CFTC will launch the next phase of the encryption sprint program to implement the recommendations from the President's digital asset market working group report. This program focuses on advancing federal-level digital asset spot trading and works in coordination with the SEC's "Crypto Project," echoing President Trump’s call for the United States to achieve a leadership position in the encryption field. Pham stated that the CFTC will broadly solicit opinions from stakeholders, covering topics such as leverage, margin, and financing retail trading, and will open public comments before October 20.