The President’s Working Group on Digital Asset Markets, established under Executive Order 14178, issued a comprehensive report on digital assets and blockchain technology, recommending that the SEC and CFTC use their existing authorities to enable the trading of crypto and digital assets at the federal level by providing clarity to market participants on issues such as registration, custody, trading, and recordkeeping. In furtherance of the recommendations included in the report, SEC Chair Paul Atkins announced Project Crypto and the CFTC announced a Crypto Sprint, including an initiative to authorize and facilitate spot crypto trading on CFTC-registered trading platforms. Both the SEC’s Project Crypto and the CFTC’s Crypto Sprint are designed to specifically address goals set out in the White House report.
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White House Issues Comprehensive Crypto Report and SEC and CFTC Announce Major Related Initiatives
