• The CFTC unveiled an Innovation Activity Drive protecting crypto, AI, and prediction markets on the Digital Asset Summit in New York on March 24.
  • Senior adviser Michael J. Passalacqua will lead the duty pressure, which coordinates with an Innovation Advisory Committee of 35 members together with Coinbase, Ripple, and Uniswap CEOs.
  • The initiative follows a March 12 SEC-CFTC memorandum of understanding and arrives because the CLARITY Act stalls within the Senate.

Chairman Michael S. Selig mentioned the CFTC is organising an Innovation Activity Drive protecting three areas: digital belongings and blockchain, artificial intelligence (AI) and autonomous techniques, and prediction markets. 

The brand new unit shall be led by senior adviser Michael J. Passalacqua, who joined the company in January after engaged on crypto and blockchain issues in non-public follow.

The duty pressure arrives simply weeks after the SEC and CFTC agreed to coordinate extra intently on digital asset oversight, as Crypto Information Australia reported. That course of moved additional on March 17, when the SEC mentioned 16 main tokens, together with Bitcoin, Ethereum and Solana, must be handled as digital commodities, reinforcing the CFTC’s declare to a bigger share of crypto supervision.

Selig beforehand served as chief counsel to the SEC’s Crypto Activity Drive earlier than taking up on the CFTC in December 2025.

The duty pressure will even work alongside the CFTC’s Innovation Advisory Committee, a 35-member panel created in January. Its members embody high executives from Coinbase, Ripple, Uniswap Labs, Gemini, CME Group and Nasdaq.

That lineup provides main crypto and market infrastructure companies a proper voice in discussions across the guidelines that might govern their companies, elevating questions on how impartial the method shall be.

Associated: Bitcoin’s ‘Muted’ Cycle: Why US$100K Became the Turning Point

Prediction Markets Additionally in Focus

The CFTC is individually in search of public enter on whether or not new guidelines are wanted for prediction markets and occasion contracts. 

The overview comes as platforms face authorized strain in states together with Arizona and Nevada, and as considerations persist over market integrity and attainable insider buying and selling in event-based merchandise. With the Home-passed CLARITY Act stalled within the Senate, the company’s transfer appears to be like like an try and fill the hole by way of government motion.

Associated: USR Stablecoin Crashes After Exploit as Millions in Unbacked Tokens Flood Market

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