CFTC unveils innovation task force members in crypto clarity push

The CFTC’s task force includes five members with legal and crypto backgrounds to help "clear rules of the road for American innovators."

The US Commodity Futures Trading Commission has unveiled the first members of its new innovation task force as the agency continues its push to provide greater clarity for the crypto market.

The Innovation Task Force was initially launched by CFTC Chairman Mike Selig on March 24, who appointed Michael Passalacqua as the leader of the group. Passalacqua is currently the senior advisor to Selig at the CFTC.

In an announcement Friday, the CFTC said that Passalacqua will be joined by a list of five initial members including Hank Balaban, a former Latham & Watkins crypto lawyer; Sam Canavos, an ex-Patomak crypto and prediction markets advisor; Mark Fajfar, a CFTC legal veteran; Eugene Gonzalez IV, an ex-Sidley blockchain lawyer; and Dina Moussa, a CFTC Market Participants Division special counsel.

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