The Commodity Futures Trading Commission (CFTC) announced on Feb. 12 the members of its Innovation Advisory Committee (IAC), outlining a new body focused on emerging technologies and market structure developments in U.S. derivatives and commodity markets.
CFTC Chairman Michael S. Selig shared on social media platform X:
“I’m excited to announce the members of the CFTC Innovation Advisory Committee. The IAC’s broad financial sector insights will help the CFTC future-proof its markets and develop clear rules of the road for the Golden Age of American Financial Markets.”
The panel follows Selig’s Jan. 12 launch of the committee, when he rebranded the former Technology Advisory Committee as the Innovation Advisory Committee and outlined plans for the CEO Innovation Council to serve among its charter members. At that time, Selig stated: “A wide range of novel technologies are enabling the creation of entirely new products, platforms, and businesses and transforming the financial markets landscape.” He added: “The Innovation Advisory Committee will play a critical role in advising the Commission on the commercial, economic, and practical considerations of emerging products, platforms, and business models in the financial markets so that it can develop clear rules of the road for the Golden Age of American Financial Markets.”
Ripple CEO Brad Garlinghouse commented on X:
FAQ ⏰ Who is on the CFTC Innovation Advisory Committee? The committee includes leaders from Ripple, Coinbase, Robinhood, Kraken, Solana Labs, Anchorage Digital, CME Group, and Intercontinental Exchange. What is the purpose of the CFTC Innovation Advisory Committee? The IAC advises the CFTC on artificial intelligence, blockchain, and emerging technologies affecting U.S. derivatives and commodity markets. What did Michael S. Selig say about the new committee? Selig said the IAC will help future-proof markets and develop clear rules for the Golden Age of American Financial Markets. Why is the CFTC focusing on blockchain and AI? The agency is modernizing oversight as blockchain, artificial intelligence and new technologies reshape trading, clearing, and risk management.
