The U.S. Commodity Futures Trading Commission announces the first batch of members of its Innovation Working Group to promote clarity on cryptocurrency regulation

Mike Selig, Chairman of the U.S. Commodity Futures Trading Commission's CFTC, has unveiled the first members of a newly formed Innovation Working Group aimed at providing clear industry rules for U.S. innovators. The working group is led by Michael Passalacqua, a senior adviser to Mike Selig. The first five members include former Latham Watkins crypto lawyer Hank Balaban, former Patomak crypto and prediction market consultant Sam Canavos, CFTC legal veteran Mark Fajfar, former Sidley blockchain lawyer Eugene GonzalezIV, and Dina Moussa, special adviser to the CFTC Market Participants Department. In addition, MikeSelig has released an innovation tracker that highlights the agency's work in promoting regulatory clarity, market integrity and technological progress. The main areas of focus include cryptocurrency and blockchain, AI and autonomous systems, and contracts and forecasting markets.