Gate News, March 24 — The U.S. Commodity Futures Trading Commission (CFTC) Chairman Michael S. Selig announced today the formation of an “Innovation Working Group” to establish clear regulatory rules for innovators developing new products and technologies in the U.S. derivatives market. The Innovation Working Group will collaborate with the “Innovation Advisory Committee” to advance the development of a clear regulatory framework, focusing on three areas: (i) digital assets and blockchain technology; (ii) artificial intelligence and autonomous systems; (iii) prediction markets and event contracts. The group’s responsibility is to promote the implementation of the commission’s innovation agenda and to work in coordination with federal agencies, including the U.S. Securities and Exchange Commission (SEC) and its Cryptocurrency Working Group. The group will be led by Senior Advisor Michael J. Passalacqua.
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