1 week ago
10
Key Takeaways
- CFTC has officially formed an Innovation Task Force to regulate crypto, AI, and prediction markets.
- The SEC has already classified Bitcoin, Ethereum, and Solana as digital commodities under CFTC jurisdiction.
- CFTC and SEC signed a memorandum of understanding for joint oversight of digital assets.
- The Commission withdrew its 2024 proposal to ban political and sports-related event contracts.
The group is led by Michael J. Passalacqua, senior advisor to CFTC Chairman Michael S. Selig, and brings together a mix of internal agency veterans and lawyers with private-sector backgrounds at firms including Latham & Watkins, Sidley Austin, and Fried Frank. The five senior advisors collectively cover digital asset regulation, financial law, and market oversight, a combination th...
English (US)