The U.S. CFTC has established a new "Crypto and AI" advisory committee, with several founders of crypto companies and executives from traditional institutions becoming founding members

The chairman of the U.S. Commodity Futures Trading Commission (CFTC), 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 stated that the Innovation Advisory Committee will replace the previous Technology Advisory Committee and is dedicated to engaging top opinion leaders from the cryptocurrency industry in the CFTC's regulatory process to develop pragmatic and forward-looking market regulation policies. The new committee will provide advice to the CFTC on aspects such as "the commercial operation, economic benefits, and practical considerations of emerging financial products, platforms, and business models," thereby "establishing clear development rules for a golden era of the U.S. financial markets." Behnam will serve as the initiator of the new committee and plans to nominate 12 CEO Innovation Council members as founding members.

The selected members include several leading figures in the cryptocurrency 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 are also included: Intercontinental Exchange (ICE) CEO Jeff Sprecher, Cboe Global Markets CEO David Howson, and Nasdaq CEO Adena Friedman.