The U.S. CFTC has established an "Crypto and AI" Advisory Committee, with several founders of crypto companies and executives from traditional institutions serving as founding members.
Svmuu News: U.S. CFTC Chairman Rostin Behnam announced on Monday the formation of a new Innovation Advisory Council aimed at providing guidance on the regulation of emerging technologies such as blockchain and artificial intelligence. Behnam will serve as the council’s convener and plans to nominate 12 members of the CEO Innovation Council as founding members.The appointees include several leading figures in the crypto space: Gemini co-founder Tyler Winklevoss, Polymarket founder Shayne Coplan, Kalshi (a prediction market platform) founder Tarek Mansour, Crypto.com CEO Kris Marszalek, and Kraken co-founder Arjun Sethi.Executives from traditional financial institutions were also selected: Jeff Sprecher, CEO of Intercontinental Exchange (ICE); David Howson, CEO of Cboe Global Markets; and Adena Friedman, CEO of theNasdaq.Behnam stated that the Innovation Advisory Committee will replace the existing Technology Advisory Committee and is dedicated to engaging top crypto industry thought leaders in the CFTC’s regulatory process to develop pragmatic, forward-looking market regulatory policies.The new committee will advise the CFTC on “the business operations, economic benefits, and practical considerations of emerging financial products, platforms, and business models,” thereby “establishing clear rules for the development of a golden age for U.S. financial markets.” (Cointelegraph)
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