CFTC forms innovation committee to guide crypto, AI regulation

The CFTC plans to invite leading crypto executives, including Tyler Winklevoss and Kris Marszalek, to advise regulators on emerging technologies.

US Commodity Futures Trading Commission (CFTC) Chair Mike Selig unveiled a new innovation committee aimed at guiding regulation of emerging technologies such as blockchain and artificial intelligence.

The Innovation Advisory Committee replaces the Technology Advisory Committee and is looking to bring top crypto voices into the CFTC’s process to shape practical, forward-looking market regulations, Selig said on Monday.

The new committee will advise the CFTC on the “commercial, economic, and practical considerations of emerging products, platforms, and business models in the financial markets so that it can develop clear rules of the road for the Golden Age of American Financial Markets,” Selig said.

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