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The CFTC Establishes New 'Crypto and AI' Advisory Committee with Founding Members from Cryptocurrency Companies and Traditional Institutions
BlockBeats News, January 13th, Chairman of the U.S. Commodity Futures Trading Commission (CFTC) Rostin Behnam announced on Monday the establishment of a new Innovation Advisory Committee aimed at providing guidance for the regulation of emerging technologies such as blockchain and artificial intelligence.
Behnam stated that the Innovation Advisory Committee will replace the existing Technology Advisory Committee, striving to engage top industry leaders in the crypto space in CFTC's regulatory processes to develop practical, forward-looking market oversight policies. The new committee will provide advice to the CFTC on "the business operationalization, economic benefits, and practical considerations of emerging financial products, platforms, and business models," thereby "setting clear development rules for the golden age of the U.S. financial market."
Behnam will serve as the initiator of the new committee, planning to nominate 12 CEO Innovators to serve as founding members. The selected individuals include several key figures in the crypto field: 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 have also been selected: Intercontinental Exchange (ICE) CEO Jeff Sprecher, Cboe Global Markets CEO David Howson, and Nasdaq CEO Adena Friedman.
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