Recently, the Commodity Futures Trading Commission (CFTC) launched a new initiative called Crypto Sprint, which has attracted widespread attention in the Crypto Assets industry. The initiative focuses on three core issues:

1. How to implement effective regulation on decentralized exchanges (DEX)?
2. Does a Decentralized Autonomous Organization (DAO) fit the organizational forms defined by traditional law?
3. Should "permissionless" decentralized finance (DeFi) protocols be required to comply with regulations?

This move indicates that U.S. regulators are seriously examining the DeFi sector. Unlike before, the CFTC is not just making a statement this time, but is actively inviting industry participation, publicly seeking opinions, and may even push for relevant legislation.

This move has caused mixed reactions within the industry. Some believe that it may restrict the free development of Crypto Assets, while others see it as a necessary step for DeFi to go mainstream. If DEXs are required to register in the future, and DAOs need to implement KYC (Know Your Customer) procedures, platforms like Uniswap and Curve may need to make significant adjustments to their operating models.

Will the CFTC's action bring a clearer regulatory framework for the Crypto Assets industry? Will it promote healthy development in the industry, or will it hinder innovation? These questions have sparked heated discussions within the industry.

Regardless, the launch of the Crypto Sprint program marks a new phase in the regulation of Crypto Assets. As regulators increasingly follow this area, we may see more similar initiatives emerge. For industry participants, actively engaging in these discussions and expressing their views and concerns will become increasingly important.

Ultimately, finding a balance between protecting investor interests and promoting technological innovation will be a challenge that regulators and the industry face together.