The United States Commodity Futures Trading Commission (CFTC) wants to create clear rules within U.S. derivatives markets for those building with new technologies, and has unveiled a new task force to help do so.
“By establishing a clear regulatory framework for innovators building on the new frontier of finance, we can foster responsible innovation at home and ensure American market participants are not left on the sidelines,” said CFTC Chairman Michael Selig, in a statement.
The task force will be led by Selig’s senior advisor, Michael J. Passalacqua, and said it will coordinate with agencies like the SEC and the SEC’s Crypto Task Force on innovation initiatives.
Similarly, Polymarket took steps to clarify its rules around insider trading as it enhanced its market integrity terms.
