The United States Commodity Trading Commission (CFTC) announced the formation of an Innovation Advisory Committee (IAC), bringing together CEOs of major companies from the cryptocurrency, fintech and traditional finance sectors.
With this decision, the CFTC launches a financial innovation initiative, appointing leading cryptocurrency experts to its advisory board.
As a result, the committee was created to modernize regulations to adapt to the rapidly changing financial technology landscape, strengthen America’s financial competitiveness, and listen directly to the private sector.
CFTC Chairman Michael Selig said, “Today’s creation of the Innovation Advisory Council is an important and exciting moment for the CFTC. It marks a clear step in a golden age for America’s financial markets through forward-looking regulations that reflect market realities.”
Members include Coinbase CEO Brian Armstrong, Ripple (XRP) CEO Brad Garlinghouse, Robinhood CEO Vlad Tenev, Solana (SOL) founder Anatoly Yakovenko, Uniswap (UNI) founder Hayden Adams, and Chainlink (LINK) founder Sergey Nazarov.
The committee also includes Tarek Mansour, CEO of market prediction platform Kalsi, as well as executives from sports betting platforms such as FanDuel and DraftKings.
The committee will also include figures from the traditional financial sector. CEOs from more traditional companies and organizations such as Nasdaq, CME Group, Cboe Global Markets, the Futures Industry Association (FIA) and the International Securities and Exchange Commission (ISDA) will serve on the committee created to explore the harmonization of traditional and new financial sectors.
*This does not constitute investment advice.
