CFTC Chair Selig appoints crypto heavyweights to 35-person innovation advisory panel

The U.S. Commodity Futures Trading Commission (CFTC), under Chair Michael S. Selig, has formed a 35-person Innovation Advisory Committee (IAC) to advise on overseeing breakthrough technologies like AI and blockchain in markets. Selig stated the IAC's work will help future-proof markets and develop clear rules, aligning with the CFTC's move toward a more permissive regulatory regime for digital assets, exemplified by the joint "Project Crypto" effort with the SEC. The committee is heavily populated with figures from the cryptocurrency industry, including executives from Solana Labs, Chainlink Labs, Uniswap Labs, and major exchanges like Coinbase and Kraken. It also features representatives from prediction markets (Polymarket, Kalshi), crypto VCs (a16z crypto, Paradigm), and traditional finance giants (Cboe, Nasdaq). Selig emphasized that by including participants from every corner of the marketplace, the IAC will be a major asset in modernizing the CFTC's rules for current and future innovations.

(Source：The Block)