CFTC's new advisory panel to focus on breakthrough technologies
The Chair of the U.S. Commodity Futures Trading Commission (CFTC), Christopher Selig, announced the creation of a new 35-member Innovation Advisory Committee (IAC). The panel will help the regulator develop policies and oversee the implementation of breakthrough technologies such as artificial intelligence and blockchain.
According to Selig, the IAC will play a key role in determining how the CFTC will supervise the use of these technologies in the markets under its jurisdiction. The council includes experts from the cryptocurrency industry, fintech, academia, and other fields.
This step underscores the growing importance of cryptocurrencies and blockchain for U.S. financial regulators. The CFTC already oversees the bitcoin futures market and is actively working to study and regulate new digital assets. The creation of the IAC reflects the agency's desire to keep pace with technological innovations and ensure their safe and controlled implementation.
Experts note that this move demonstrates the maturity of the cryptocurrency industry and its growing influence on the financial system. The inclusion of leading specialists in the CFTC's advisory council will allow the regulator to better understand new technologies and form the appropriate regulatory framework.