The US Commodity Futures Trading Committee (CFTC) has revealed the “Enemy encryption” initiative aimed at strengthening digital asset regulations in the United States. This announcement comes days after the US Securities and Stock Exchange Committee (SEC) “Project Crypto”, as all financial organizational agencies continue to agree with US President Donald Trump’s policy.
CFTC to cooperate with SEC on the clarity of organizational encryption
in General version On August 1, Caroline d. Fam, Chairman of the Board of Directors of CFTC, the committee’s intention to launch the “encryption enemy”, which aims to improve organizational clarity in the American digital assets industry. In particular, this initiative is a response to the report of the recommendations by the President’s Working Group in the digital asset markets established in January 2024.
The report, titled “Promotion of US Drink in Digital Financial Technology”, is largely encouraged by the United States’ participation in building the coded currency ecosystems through a pro -moving mindset.
In response to this policy report, PAM expressed CFTC’s willingness to cooperate with President Trump’s vision to build a friendly friendly environment in the United States. She said:
CFTC does not waste time to achieve President Trump’s vision to make America the capital of encryption in the world
The committee chairman publicly also participates in their support for the SEC Project Crypto, which was also announced on August 31 in response to the work group report. Fam stated:
We will work closely with SEC Paul Atkins and Commissioner Hyster Peres to achieve the encrypted project. Providing organizational clarity now and enhancing innovation in the digital asset markets will provide the administration’s promise to enter the golden age for encryption.
According to Project Crypto, ATKINS stated that SEC aims to stimulate the American encryption market by developing simple regulations designed to photograph various digital assets, including nursery and trading, all of which targeted President Trump’s vision to make the American “Craft capital in the world”.
CFTC is also also committed to this vision, as shown in the “Sprint Crypto” advertisement, which follows previous activities including the first Crypto Forum ever, and multiple dialogues about the digital assets marketing program, among other initiatives.
Trump’s pro -aging batch continues
After the general obligations of CFTC and SEC, Trump still focuses on providing the main promises aimed at establishing the United States as a global pioneer in the area of digital assets. In addition to a more friendly position on the organizers, the legislative momentum is also built, highlighted by the recent signature of the law of genius, with additional bills such as the long -awaited clarity law in the pipeline.
At the time of the press, the total ceiling of the Crypto market is still worth $ 3.60 trillion, which reflects a 1.76 % decrease in the past day.
Distinctive photo from Reuters, the tradingView graph
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