The US CFTC has established an advisory committee on "Crypto and AI," with several founders of crypto companies and executives from traditional instit...
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The US CFTC has formed an Innovation Advisory Committee to guide regulation of blockchain and AI, including crypto founders and traditional finance executives. It aims to develop forward-looking policies for emerging financial technologies.
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Odaily Odaily reports that CFTC Chairman Rostin Behnam announced on Monday the formation of a new Innovation Advisory Committee, aimed at providing guidance for the regulation of emerging technologies such as blockchain and artificial intelligence.
Behnam will serve as the initiator of the new committee, which plans to nominate 12 CEO Innovation Council members as founding members. The nominees include several leading figures in the crypto space: Gemini co-founder Tyler Winklevoss, Polymarket founder Shayne Coplan, prediction market platform Kalshi founder Tarek Mansour, Crypto.com CEO Kris Marszalek, and Kraken co-founder Arjun Sethi.
Executives from traditional financial institutions were also selected: Jeff Sprecher, CEO of Intercontinental Exchange (ICE), David Howson, CEO of Cboe Global Markets, and Adena Friedman, CEO of Nasdaq.
Behnam stated that the Innovation Advisory Committee will replace the existing Technology Advisory Committee, focusing on bringing leading crypto industry opinion leaders into the CFTC's regulatory process to develop pragmatic and forward-looking market regulatory policies. The new committee will advise the CFTC on "the business operations, economic benefits, and practical considerations of emerging financial products, platforms, and business models," thereby "establishing clear rules for the golden age of U.S. financial markets." (Cointelegraph)