CFTC launches CEO Innovation Council for crypto oversight
PositiveCryptocurrency
- The U.S. Commodity Futures Trading Commission (CFTC) has announced the formation of the CEO Innovation Council, aimed at guiding policy related to cryptocurrency and prediction markets. Michael Selig has been nominated as the chair of this new advisory body, which is part of a broader initiative to enhance regulatory oversight in the digital asset space.
- This development is significant as it reflects the CFTC's commitment to engaging industry leaders in shaping effective regulatory frameworks for cryptocurrencies. The establishment of the council is expected to foster collaboration between regulators and the private sector, ensuring that policies are informed by industry insights.
- The formation of the CEO Innovation Council comes at a time of potential leadership changes within the CFTC, as the nomination of a new chair advances through the Senate. This initiative aligns with ongoing discussions in the U.S. Congress regarding comprehensive cryptocurrency regulations, highlighting the increasing focus on establishing a clear regulatory environment for digital assets and prediction markets.
— via World Pulse Now AI Editorial System
