In order to reshape the future of the financial market landscape, the U.S. Commodity Futures Trading Commission (CFTC) has made a significant move to assemble various industry leaders, announcing the establishment of the 'CEO Innovation Council', aimed at studying the future development of derivative market structures, particularly focusing on the development of asset tokenization, cryptocurrencies, and blockchain technology.
The first wave of the 'CEO Innovation Council' features a strong lineup, not only including leaders from CME Group, Nasdaq, ICE, and Cboe, but also inviting leaders from cryptocurrency companies such as Gemini, Kraken, and Polymarket to participate in discussions, contributing to policy-making in the United States.
Caroline Pham, the acting chair of the US CFTC, stated in a statement: "I am very grateful to all the CEOs for agreeing to share their visions and experiences with the committee, which will help us act quickly and prepare for the future and long-term development."
She revealed that this list was quickly assembled in just two weeks, and the committee will "focus on the market structure development of the derivatives market," including areas such as asset tokenization, crypto assets, 24/7 trading, perpetual contracts, prediction markets, and blockchain market infrastructure.
The complete list of the 'CEO Innovation Committee' is as follows:
Polymarket CEO Shayne Coplan
Cboe Global Markets CEO Craig Donohue
CME Group Chairman and CEO Terry Duffy
Bullish CEO Tom Farley
Nasdaq Chairman and CEO Adena Friedman
Bitnomial CEO Luke Hoersten
Kalshi CEO Tarek Mansour
Crypto.com CEO Kris Marszalek
London Stock Exchange Group (LSEG) CEO David Schwimmer
Kraken Co-CEO Arjun Sethi
Intercontinental Exchange (ICE) CEO Jeff Sprecher
Gemini CEO Tyler Winklevoss
The establishment of the 'CEO Innovation Committee' marks the latest progress in Caroline Pham's recent series of cryptocurrency policy actions. This acting chair is rapidly implementing her cryptocurrency regulatory agenda before stepping down.
Earlier this week, the CFTC just announced the launch of a pilot program allowing the use of cryptocurrencies as collateral in the derivatives market; just days ago, Carolin Pham also publicly supported Bitnomial's launch of leveraged spot cryptocurrency trading.
Mike Selig, the CFTC chairman candidate nominated by President Trump, is expected to be approved by the Senate as early as Wednesday; once sworn in, he will take over the cryptocurrency policy layout meticulously planned and fully launched by Caroline Pham.
This article is authorized for reprint from: (Blockke)
Original title: (The US CFTC establishes the 'CEO Innovation Committee'! Polymarket and Gemini CEOs are included)
Original author: Block Girl MEL
The article 'CFTC establishes CEO Innovation Committee! Polymarket CEO included, focusing on three major technological developments' was first published in 'Crypto City'
