CFTC Establishes Innovation Council Featuring Leaders from Wall Street and the Crypto Sector

CFTC's CEO Innovation Council: The CFTC has established a CEO Innovation Council that includes leaders from traditional finance and crypto firms to advise on digital assets, focusing on tokenization, prediction markets, and 24/7 trading.

Integration of Digital Assets: The council aims to explore how cryptocurrencies like Bitcoin, Ethereum, and USDC can be integrated into futures and swaps markets while maintaining essential safeguards.

Regulatory Changes: The CFTC is implementing updated guidance on tokenized collateral and launching a pilot program allowing futures merchants to accept cryptocurrencies as margin, reflecting a shift towards onshore integration.

Pro-Crypto Initiatives: Acting Chair Caroline Pham is accelerating reforms in anticipation of a leadership transition, positioning the CFTC to enhance the U.S. as a hub for tokenized finance through various initiatives alongside the SEC.