The CFTC said in March that it would launch the ITF and that a task force would be dedicated to developing “clear rules of the road” for those who want to build new products and technologies within the United States. Derivatives markets.
The ITF will work with the CFTC to develop a clear regulatory framework for cryptocurrency assets and blockchain technologies; Artificial intelligence and autonomous systems; prediction markets and event contracts, the regulator said in a March 24 press release.
The first ITF members named on Friday (April 10) include staff from across the CFTC as well as individuals with extensive private sector experience on these issues, the CFTC said in a statement on Friday. press release.
The five newly appointed senior advisors are Hank Balabanwho previously practiced law in Latham and Watkins In the firm’s Digital Assets and Startups practice groups; Sam Kanavoswho was a former consultant at Patomak Global Partners advising companies on regulatory issues related to innovative technologies; Mark Fajfarwho joins the ITF from the CFTC’s Office of General Counsel; Eugene Gonzalez IVwho previously practiced law in Sidley Austin In the firm’s Blockchain and FinTech practice group; and Dina Musawhich joins the ITF from the Market Participants Division of the CFTC.
“The Innovation Task Force brings together a leading team that demonstrates deep expertise and a passionate commitment to providing clear rules of the road for American innovators,” CFTC Chairman Michael S. Selig he said in the release.
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The CFTC announced in March that the task force is headed by Michael J. Passalacqua, Senior Advisor to the Chairman of the Commodity Futures Trading Commission (CFTC).
Passalacqua said on Friday mail onBlockchain Association) & (DeFi Education Fund“)
The Commodity Futures Trading Commission (CFTC) launched Track innovation to highlight its innovative initiatives, Selig said on Thursday (April 9). mail On X.
“The CFTC is working hard to keep up with the rapid speed of innovation in our markets,” Selig said in the post. “Check out our new innovation tracker, which highlights all the work the agency has done under my leadership to advance regulatory clarity, market integrity and responsible technology progress.”
