Crypto Leaders Join U.S. CFTC Advisory Group
The Commodity Futures Trading Commission's new chief, Mike Selig, repurposed the agency's previous CEO innovation council, almost tripling its members.
A group of prominent cryptocurrency executives including Brian Armstrong and Brad Garlinghouse have been appointed to the U.S. Commodity Futures Trading Commission's advisory group by the agency's new chief, Mike Selig. The move comes as part of Selig's efforts to enhance the regulatory framework surrounding digital assets.
The advisory group, expanded under Selig's leadership, aims to foster collaboration between industry leaders and the CFTC to address the evolving landscape of crypto markets. The inclusion of Armstrong, CEO of Coinbase, and Garlinghouse, CEO of Ripple, signifies a significant step towards bridging the gap between traditional financial markets and the burgeoning crypto sector.
Through this initiative, Selig seeks to leverage the expertise of these crypto executives to ensure that regulatory frameworks keep pace with the rapid advancements in the digital asset space. The diverse backgrounds and experiences of the advisory group members are expected to provide valuable insights for shaping policies that promote innovation while safeguarding market integrity.