The CFTC chairman appointed several crypto company executives to a 35-member innovation advisory group.

PANews reported on February 13th that, according to The Block, Michael S. Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), announced the formation of a 35-member Innovation Advisory Committee, with several cryptocurrency industry executives appointed. Selig stated that the committee will assist the CFTC in developing a regulatory framework for the role of "breakthrough technologies" such as artificial intelligence and blockchain in financial markets, ensuring that its decisions reflect market realities and establishing clear rules for a "golden age of U.S. financial markets."

The committee comprises representatives from blockchain projects, including Vivek Raman of Etherealize, Anatoly Yakovenko of Solana Labs, Brad Garlinghouse of Ripple, Sergey Nazarov, CEO of Chainlink Labs, and Hayden Adams, CEO of Uniswap Labs. Executives from centralized exchanges such as Bullish, Coinbase, Crypto.com, Gemini, Kraken, Bitnomial, and Robinhood are also on the list. Shayne Coplan, founder of prediction market platform Polymarket, and Tarek Mansour, founder of Kalshi, have also been appointed. Chris Dixon of crypto venture capital firm a16z crypto, Vance Spencer of Framework Ventures, and Alana Palmedo of Paradigm were also selected. The committee also includes representatives from traditional financial institutions such as Cboe, CME, DTCC, Nasdaq, and options clearing companies.