CFTC Forms Panel Regulating Blockchain, AI Innovation
The CFTC established the Innovation Advisory Committee to guide regulation of blockchain and AI in financial markets.Summary
The US Commodity Futures Trading Commission (CFTC) Chair, Mike Selig, announced the formation of the Innovation Advisory Committee (IAC), which replaces the Technology Advisory Committee. The IAC's purpose is to advise the CFTC on the commercial, economic, and practical considerations of emerging technologies like blockchain and artificial intelligence to help develop clear market regulations. Selig intends to nominate 12 members from the CEO Innovation Council, including prominent crypto executives like Gemini CEO Tyler Winklevoss and traditional finance leaders such as Intercontinental Exchange CEO Jeff Sprecher. The CFTC is seeking this tech-friendly approach to attract innovators, mirroring moves by the SEC. Applications for additional IAC membership are open until January 31, 2026, and the committee will also consider input from academia and public interest groups.
(Source：Cointelegraph)