CFTC adds Coinbase, Ripple execs to 35-member advisory committee

CFTC chair Mike Selig launched the Innovation Advisory Committee in January, nominating 12 members as charter members before expanding the final list to 35 on Thursday.

The Commodity Futures Trading Commission has added a slew of crypto executives, including those from Coinbase and Ripple, to its Innovation Advisory Committee, who will shape how the regulator crafts policy.

CFTC chair Mike Selig said on Thursday that the 35 members of the committee will “ensure the CFTC’s decisions reflect market realities” and enable it to “develop clear rules of the road for the Golden Age of American Financial Markets.”

The committee was launched in January and replaced the Technology Advisory Committee, which drew on the advice of tech leaders to dissect how new technologies were impacting the derivatives markets more broadly.

Read more