New Crypto Announcement from CFTC! Affects Four Altcoins, Including XRP!

The U.S. Commodity Trading Commission (CFTC) announced the formation of an Innovation Advisory Committee (IAC), bringing together CEOs of major companies in the cryptocurrency, fintech, and traditional finance sectors.

With this move, the CFTC is launching a financial innovation initiative, appointing leading cryptocurrency experts to its advisory committee.

Accordingly, the committee was established to modernize regulations in order to adapt to the rapidly changing financial technology landscape, strengthen America’s financial competitiveness, and listen directly to the private sector.

CFTC Chairman Michael Selig stated, “Today’s establishment of the Innovation Advisory Council is a significant and exciting moment for the CFTC. It marks a clear milestone in a golden age for American financial markets through forward-looking regulations that reflect market realities.”

Members include Coinbase CEO Brian Armstrong, Ripple (XRP) CEO Brad Garlinghouse, Robinhood CEO Vlad Tenev, Solana (SOL) founder Anatoly Yakovenko, Uniswap (UNI) founder Hayden Adams, and Chainlink (LINK) founder Sergey Nazarov.

The committee also includes Tarek Mansour, CEO of the prediction market platform Kalsi, as well as leaders from sports betting platforms such as FanDuel and DraftKings.

The committee will also include prominent figures from the traditional finance sector. CEOs from more traditional companies and organizations such as Nasdaq, CME Group, Cboe Global Markets, the Futures Industry Association (FIA), and the International Securities and Exchange Commission (ISDA) will serve on the committee established to explore the harmonization of traditional and new finance sectors.

*This is not investment advice.