The US Commodity Futures Trading Commission (CFTC) has opened nominations for a new CEO-led advisory council aimed at developing policies related to cryptocurrency and other emerging products. Acting Chair Caroline Pham announced this initiative, encouraging submissions until December 8 for this “CEO Innovation Council.”
In her announcement, Pham referenced previous efforts by the CFTC to regulate digital assets, including initiatives aimed at enhancing the regulation of prediction markets and launching the “Crypto Sprint,” a forum dedicated to the cryptocurrency sector.

“The CFTC stands ready to carry out our mission over expanded markets and products, including crypto and digital assets, and ensure our markets remain vibrant and resilient while protecting all participants,” said Pham.
It is currently uncertain when the council will officially be established, particularly as Pham is anticipated to leave the commission soon. Michael Selig, a SEC official, is expected to be nominated as the new chair of the CFTC, with a Senate confirmation vote on the horizon.