CFTC unveils innovation task force members in crypto clarity push

The earliest members of its new innovation task force have been revealed by the US Commodity Futures Trading Commission as the agency continues its efforts to provide more clarity for the crypto market.

On March 24, CFTC Chairman Mike Selig launched the first initiative to launch the Innovation Task Force, which named Michael Passalacqua as leader of the group. The senior advisor to Selig at the CFTC is Passalacqua (currently Senior Advisor of selig) and currently serves as his .

According to the CFTC, in an announcement Friday that Passalacqua will be joined by five first members Hank Balaban, a former Latham & Watkins crypto lawyer; Sam Canavos, an advisor for Patomak crypto and prediction markets; Mark Fajfar (an EFTC legal veteran); Eugene Gonzalez IV, another former-Sidley blockchain attorney; and Dinat Moussa, one of the special counsel on behalf of Congress Committee Members.

A leading team, which is highly skilled and devoted to the delivery of clear rules of the road for American innovators,” Selig said in a statement that “The Innovation Task Force” was formed.

It’s a further push from both the Federal Financial Trade Commission (CFTC) and Securities and Exchange Commission to provide regulatory clarity for digital asset sector under the direction of Donald Trump administration.

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Source: Michael Passalacqua

CFTC pushing for clarity as major bill stalls

Selig also proclaimed Friday that the CFTC’s “innovation tracker” is all of its work under Sel to help “advance regulatory clarity, market integrity and responsible technological progress.” The , “It’s a great deal of fun.”

Three of its key innovations are on the website crypto and blockchain; artificial intelligence, autonomous systems; contracts & prediction markets.

In particular, the CFTC could be in charge of industry oversight; the SEC proposed in mid-March that most crypto assets are not under its jurisdiction as securities.

But it is still largely the question of whether the Clarity Act passes through upper levels of government and becomes law-based something SEC Chair Paul Atkins called for via X on Thursday.

But he said the SEC and CLARITY Act, which is “ready to implement the CLAITY Bill,” added “It’s time for Congress to be future-proof against rogue regulators and advance comprehensive market structure legislation to President Trump’S desk. ‘A ,’ said.

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