CFTC Establishes Task Force for Emerging Financial Technologies Regulation

The Commodities and Futures Trading Commission (CFTC) has established an Innovation Task Force to oversee the regulation of emerging financial technologies.

Under the leadership of Chairman Mike Selig, the task force will concentrate on three key areas:

Blockchain and cryptocurrencies, artificial intelligence (AI) and autonomous systems, and prediction markets and event contracts.

The CFTC's Innovation Task Force, led by senior advisor Michael J. Passalacqua, will collaborate with other federal agencies, including the U.S. Securities and Exchange Commission (SEC), to ensure a balance between promoting innovation and maintaining user protection.