CFTC Innovation Council Welcomes CEOs from Prediction Markets and Cryptocurrency Exchanges

The US Commodity Futures Trading Commission has appointed several blockchain industry leaders alongside their traditional finance counterparts for its newly formed CEO Innovation Council.

As stated in a announcement on Wednesday, the Council will focus on discussions regarding market structure advances in the derivatives markets regulated by the CFTC.

Main discussion topics will revolve around “tokenization, crypto assets, 24/7 trading, perpetual contracts, prediction markets, and blockchain market infrastructure.”

Participants include leaders from crypto exchanges and prediction markets such as Polymarket, Kalshi, Kraken, Gemini, Bitnomial, Crypto.com, and Bullish.

In addition to crypto CEOs, representatives from traditional finance include major exchanges like CME Group, Cboe Global Markets, Nasdaq, Intercontinental Exchange, and the London Stock Exchange Group.

Related: Crypto among sectors ‘debanked’ by 9 major banks: US regulator

“We are building on the success of the CFTC Crypto CEO Forum and the SEC-CFTC Joint Roundtable with our CFTC CEO Innovation Council, specifically aimed at market structure advancements in derivatives markets,” noted acting CFTC Chairman Caroline Pham.

CFTC striving to enhance derivative market infrastructure and regulation

The CFTC’s recent actions follow closely on the heels of acting chairman Pham’s announcement of a crypto collateral derivatives market pilot program.

This pilot will allow CFTC-registered futures commission merchants to accept Bitcoin (BTC), Ether (ETH), and Circle’s stablecoin USDC as margin collateral while testing crypto integration in regulated markets.