The Commodity Futures Trading Commission (CFTC) has appointed senior executives from leading crypto, finance, and trading firms to its newly established Innovation Advisory Committee in an effort to guide regulatory modernization amid unresolved questions in U.S. crypto regulation. This move includes the participation of Coinbase CEO Brian Armstrong, who recently withdrew his support for the CLARITY Act due to concerns over its treatment of stablecoins and potential constraints on decentralized finance and tokenized products. The advisory committee’s formation underscores a strategy to integrate industry expertise in the development of clearer rules as blockchain and artificial intelligence continue to transform financial markets, exemplifying the increasing collaboration between regulatory bodies and industry stakeholders in shaping the future regulatory landscape.
CFTC adds industry leaders to panel amid regulatory debates
