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CFTC Taps 20 Crypto Leaders for Expanded Innovation Panel

Key Takeaways

  • The CFTC expanded its Innovation Advisory Committee and added many crypto leaders to strengthen its understanding of new financial products;
  • 20 of the 35 members come from crypto firms, while others represent major financial exchanges and prediction-market companies;
  • The committee will guide the CFTC on how emerging platforms and services may affect markets and influence future regulatory decisions.

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CFTC Taps 20 Crypto Leaders for Expanded Innovation Panel

The Commodity Futures Trading Commission (CFTC) has expanded its Innovation Advisory Committee and added several leaders from the crypto industry.

The committee will offer guidance on how new platforms, products, and financial services may affect markets. It will also help the CFTC understand practical and commercial issues tied to these developments.

CFTC chair Mike Selig introduced the updated committee on February 12. He said the members will “ensure the CFTC’s decisions reflect market realities” and help the agency “develop clear rules of the road for the Golden Age of American Financial Markets".

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The current committee began work in January. It replaces an older group that focused on how technology affected the derivatives market. The new structure gives the CFTC input into changes in financial markets and business models.

Out of the 35 people selected, 20 come from companies involved in crypto. At least five members work in the prediction-market industry.

Some of the selected members are Polymarket CEO Shayne Coplan, Kalshi CEO Tarek Mansour, Crypto.com $2.28B CEO Kris Marszalek, and Gemini $113.46M CEO Tyler Winklevoss.

Executives from Nasdaq, Intercontinental Exchange, Cboe Global Markets, CME Group, Kraken $480.91M , and Bullish are also included.

Other members represent major names in the crypto industry. These include Coinbase $1.8B CEO Brian Armstrong, Solana SOL $79.99 Labs CEO Anatoly Yakovenko, Uniswap UNI $3.30 CEO Hayden Adams, Ripple CEO Brad Garlinghouse, a16z Crypto partner Chris Dixon, Blockchain.com CEO Peter Smith, Robinhood CEO Vladimir Tenev, Grayscale CEO Peter Mintzberg, and Anchorage Digital CEO Nathan McCauley.

Recently, the CFTC officially canceled a proposal created under the Biden administration that aimed to restrict event-based markets. What did the agency say? Read the full story.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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