U.S. CFTC Establishes Special Subcommittee for Cryptocurrencies, AI, and Prediction Markets

CFTC Moves to Develop Regulatory Framework for Innovative Technologies

On the 24th, Chairman Michael Selig of the U.S. Commodity Futures Trading Commission (CFTC) officially announced the establishment of the 'Innovation Task Force,' aimed at developing a regulatory framework for cryptocurrencies, AI, and prediction markets. According to the CFTC's official press release, the task force will work in conjunction with the 'Innovation Advisory Committee' to formulate regulatory guidelines for emerging technologies in the U.S. derivatives market.

The initiative...