CFTC forms innovation committee to help shape rules for crypto, AI

The CFTC is looking to invite Tyler Winklevoss, Shayne Coplan, Kris Marszalek, and other crypto leaders to assist its approach to regulating the blockchain industry.

US Commodity Futures Trading Commission chair Mike Selig has unveiled the agency’s new innovation committee, aimed at guiding the regulation of emerging technologies like blockchain and AI, which are transforming financial markets.

The Innovation Advisory Committee replaces the Technology Advisory Committee and is looking to bring top crypto voices into the CFTC’s process to shape practical, forward-looking market regulations, Selig said on Monday.

The new committee will advise the CFTC on the “commercial, economic, and practical considerations of emerging products, platforms, and business models in the financial markets so that it can develop clear rules of the road for the Golden Age of American Financial Markets,” Selig said.

Read more