U.S. CFTC Establishes "Crypto and AI" Advisory Committee, Multiple Crypto Company Founders and Traditional Institution Executives Become Founding Members

Odaily News: U.S. CFTC Chairman Rostin Behnam announced the establishment of a new Innovation Advisory Committee on Monday, aimed at providing guidance for the regulation of emerging technologies such as blockchain and artificial intelligence.

Behnam will serve as the sponsor of the new committee and plans to nominate 12 members of the CEO Innovation Council as founding members. The selected individuals include several leading figures in the crypto space: Gemini co-founder Tyler Winklevoss, Polymarket founder Shayne Coplan, prediction market platform Kalshi founder Tarek Mansour, Crypto.com CEO Kris Marszalek, and Kraken co-founder Arjun Sethi.

Executives from traditional financial institutions were also selected: Intercontinental Exchange Group (ICE) CEO Jeff Sprecher, Cboe Global Markets CEO David Howson, and Nasdaq CEO Adena Friedman.

Behnam stated that the Innovation Advisory Committee will replace the original Technology Advisory Committee and is committed to involving top crypto industry opinion leaders in the CFTC's regulatory process to formulate pragmatic and forward-looking market regulatory policies. The new committee will advise the CFTC on "the commercial operations, economic benefits, and practical considerations of emerging financial products, platforms, and business models," thereby "establishing clear development rules for the golden age of the U.S. financial markets." (Cointelegraph)