U.S. CFTC welcomes crypto executives to innovation council
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The Commodity Futures Trading Commission (CFTC) recently published a list comprising the first members of its CEO Innovation Council. Sources close to the situation revealed that this council was established to review transformations in the derivatives market, with a specific focus on cryptocurrency, tokenization, and blockchain technology. Notably, some of the major crypto industry CEOs joining this council include Shayne Coplan from Polymarket, Tyler Winklevoss from Gemini, and Arjun Sethi from Kraken. Leaders from well-known companies, including Nasdaq, Intercontinental Exchange, CME Group, and Cboe Group, will accompany them. Crypto industry CEO’s express their willingness to share insight with CFTC Caroline Pham, a commissioner of the Commodity Futures Trading Commission who was appointed as acting chair of the CFTC by U.S. President Donald Trump, voiced her appreciation to CEOs who expressed their willingness to share their insight with the federal agency. This group of CEOs was formed over a period of just two weeks. According to Pham, it will focus primarily on advancements in sectors such as derivatives markets connected to tokenization, crypto assets, 24/7 trading, perpetual contracts, prediction markets, and blockchain infrastructure. To demonstrate their commitment to achieving this goal, the commission unveiled a full list of members joining the council. This information was released by sources familiar with the situation. Some of these members include: Shayne Coplan (Polymarket), Adena Friedman (Nasdaq), Tarek Mansour (Kalshi), Kris Marszalek (Crypto.com), Arjun Sethi (Kraken), Tyler Winklevoss (Gemini), and Tom Farley (Bullish), among others. Meanwhile, it is worth noting that this formation of a team of CEOs marks the latest update in a series of rapid updates from Pham and the CFTC regarding the ecosystem. This move takes place as the interim chair works to bring her key crypto goals to a swift completion. Several leaders promote friendly digital asset policies The Commodity Futures…
