The U.S. Commodity Futures Trading Commission (CFTC), expected to play a major role in overseeing crypto markets, has formed an Innovation Advisory Committee to help shape future regulation.
The group comprises top executives from major crypto and fintech companies like Coinbase, Ripple, Robinhood, and Uniswap Labs.
The CFTC seeks to learn more about new technologies and market risks by including business leaders in policy talks, making the move in tandem with the wider pro-crypto agenda of the current U.S. leaders. The move will also aid innovation trends in the crypto space.
The move signals growing collaboration between regulators and crypto companies as the U.S. works toward clearer rules and stronger oversight for digital assets.
U.S. CFTC unveils 35-member innovation panel
The U.S. Commodity Futures Trading Commission has formed a 35-member Innovation Advisory Committee to help it understand what fast-growing fintech and crypto firms actually need from regulation.
Part of the group comes from an earlier CEO council created before Chairman Mike Selig took charge, giving the committee a mix of experienced industry voices.
The goal is to bring perspectives from across trading, tech, and finance into one room so policymakers aren’t guessing from the sidelines.
According to Selig, the committee will help the agency modernize outdated rules and build smarter frameworks for financial innovations.
New CFTC panel to cover wider industry voices
The expanded panel builds on an earlier CEO council that already included leaders like Tyler Winklevoss, Arjun Sethi and Shayne Coplan, and now adds more crypto chiefs along with top executives from FanDuel and DraftKings.
Traditional market voices are also represented, including leaders from Nasdaq, CME Group, Cboe Global Markets, Futures Industry Association and International Swaps and Derivatives Association.
New additions include Chris Dixon, Anatoly Yakovenko, Peter Mintzberg, Sergey Nazarov, Alana Palmedo and Tom Farley.
Mike Selig recently outlined a new crypto agenda at the U.S. Commodity Futures Trading Commission that will be developed in coordination with the U.S. Securities and Exchange Commission.
The agency has officially joined the SEC’s Project Crypto initiative, which shows that the rules will be more consistent.
As digital assets become more common in traditional financial markets, the collaboration’s goals are to fill in policy gaps, make oversight between agencies clearer, and make rules more consistent.