According to The Block, the newly appointed chair of the U.S. Commodity Futures Trading Commission (CFTC), Michael Selig, announced on January 12 that the Technology Advisory Committee will be renamed the Innovation Advisory Committee. He also plans to appoint CEOs of innovation-focused companies as members of the committee. The committee will include industry leaders such as Shayne Coplan, CEO of Polymarket; Tarek Mansour, CEO of Kalshi; and Tyler Winklevoss, CEO of Gemini. Selig stated, "Innovators are using technologies like artificial intelligence, blockchain, and cloud computing to modernize traditional financial systems and build entirely new ones. Under my leadership, the committee will develop market structure regulations tailored to the emerging financial landscape."
CFTC Chairman Selig Launches Innovation Committee to Enhance Oversight of Digital Assets and Prediction Markets
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Summary
On January 12, CFTC Chairman Michael Selig announced the renaming of the Technology Advisory Committee to the Innovation Advisory Committee. The new committee includes Polymarket CEO Shayne Coplan, Kalshi CEO Tarek Mansour, and Gemini CEO Tyler Winklevoss. Selig emphasized that blockchain innovation is reshaping financial markets, and the committee will assist in developing regulations for digital asset news and emerging technologies such as artificial intelligence and cloud computing.
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