CFTC launches AI and crypto innovation task force
Regulators move to define rules for AI, crypto and emerging financial technologies as a new task force begins work on shaping innovation in derivatives markets.
The Commodity Futures Trading Commission (CFTC), an independent agency of the United States federal government, announced the creation of an Innovation Task Force to support the development of new technologies in US derivatives markets. Chairman Michael S. Selig leads the initiative and focuses on establishing clear regulatory approaches.
The task force will work with the Innovation Advisory Committee to develop frameworks covering crypto assets, blockchain technologies, AI and autonomous systems, and prediction markets. Authorities said the aim is to provide clarity for innovators building new financial products.
According to Selig, clearer rules are intended to support responsible innovation and ensure market participants remain competitive. The task force is also expected to help implement the Commission’s broader innovation agenda.
Coordination with other federal bodies is planned, including collaboration with the US Securities and Exchange Commission and its Crypto Task Force. Michael J. Passalacqua, senior advisor to the Chairman, has been appointed to lead the initiative.
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