The CFTC has launched a new Task Force to develop clear regulatory frameworks for bitcoin and emerging technologies in U.S. derivatives markets.

The Commodity Futures Trading Commission has launched a new Innovation Task Force aimed at developing clear regulatory frameworks for emerging technologies in U.S. derivatives markets.

CFTC Chairman Michael S. Selig said the task force will focus on crypto assets, blockchain, artificial intelligence, autonomous systems, and prediction markets. "By establishing a clear regulatory framework for innovators building on the new frontier of finance, we can foster responsible innovation at home," Selig said.

The task force will collaborate with the SEC and its Crypto Task Force, as well as the CFTC's Innovation Advisory Committee, which includes over 30 executives from companies like Kalshi and Nasdaq. Michael J. Passalacqua, senior advisor to the Chairman, will lead the initiative.

Selig emphasized the goal of creating a space for innovators to engage directly with regulators. The move comes amid increasing coordination between the CFTC and SEC on crypto regulation, including recent guidance clarifying jurisdictional boundaries.