Goldfinch Finance reports that on March 24, the Chairman of the U.S. Commodity Futures Trading Commission (CFTC), Michael S. Selig, announced the formation of an Innovation Working Group aimed at establishing clear regulatory rules for innovators in the U.S. derivatives market. The working group will collaborate with the Innovation Advisory Committee, focusing on three main areas: crypto assets and blockchain technology, artificial intelligence and autonomous systems, and prediction markets and event contracts.
The group is led by Senior Advisor Michael J. Passalacqua and will work in coordination with federal agencies, including the U.S. Securities and Exchange Commission (SEC), to advance innovation initiatives.
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