CFTC taps Tyler Winklevoss and other crypto CEOs for innovation advisory committee

Mike Selig, the new Chairman of the Commodity Futures Trading Commission (CFTC), has announced the formation of a restructured Innovation Advisory Committee that will include crypto industry leaders as charter members. Tyler Winklevoss, CEO of Gemini, will join executives from Kraken, Bitnomial, Crypto.com, and Bullish on the panel.

The committee, rebuilt from the former Technology Advisory Committee, will advise the CFTC on developing regulations tailored for emerging financial technologies, including blockchain, artificial intelligence, and cloud computing. Selig stated, “The committee will help develop fit-for-purpose market structure rules for this new frontier of finance.”

The CFTC is inviting the public to nominate additional members and suggest topics for consideration by the end of January. This committee is one of five outside advisory panels designed to provide expert guidance to the agency.