BlockBeats news: On January 13, Rostin Behnam, Chair of the U.S. Commodity Futures Trading Commission (CFTC), announced the establishment of a new Innovation Advisory Committee on Monday, 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 previous Technology Advisory Committee, aiming to bring in top thought leaders from the cryptocurrency industry to participate in the CFTC's regulatory process, in order to develop practical and forward-looking market regulation policies. The new committee will provide advice to the CFTC on issues such as the "commercial operations, economic impacts, and practical considerations of emerging financial products, platforms, and business models," thereby "establishing clear development rules for the golden age of U.S. financial markets."
Behnam will serve as the sponsor of the new committee and plans to nominate 12 members of the CEO Innovation Council as founding committee members. The selected individuals include several prominent figures in the crypto industry: Tyler Winklevoss, co-founder of Gemini; Shayne Coplan, founder of Polymarket; Tarek Mansour, founder of prediction market platform Kalshi; Kris Marszalek, CEO of Crypto.com; and Arjun Sethi, co-founder of Kraken.
Executives from traditional financial institutions are also included: Jeff Sprecher, CEO of Intercontinental Exchange Group (ICE); David Howson, CEO of Cboe Global Markets; and Adena Friedman, CEO of Nasdaq.