CFTC to appoint Tyler Winklevoss and additional crypto company leaders as inaugural members of its innovation committee

CFTC Chairman Mike Selig Revamps Innovation Committee with Crypto Leaders

Mike Selig, who recently assumed the role of chairman at the U.S. Commodity Futures Trading Commission (CFTC), is initiating changes within the agency by establishing a renewed innovation committee. This group, according to a statement released Monday, will initially be composed of prominent figures from the cryptocurrency sector.

During her brief tenure as acting chair, Caroline Pham swiftly assembled a council of CEOs dedicated to advancing financial technology. Now, just a month after that announcement, Selig is appointing these same executives as the founding members of the new Innovation Advisory Committee. The committee will include leaders from well-known crypto companies such as Gemini, Kraken, Bitnomial, and Bullish, which owns CoinDesk.

In addition to high-profile crypto representatives like Tyler Winklevoss of Gemini and Arjun Sethi from Kraken, the committee will also feature heads of prediction market platforms Polymarket and Kalshi. Executives from established financial institutions such as Nasdaq, CME Group, Intercontinental Exchange, and Cboe Global Markets are also among those selected last month.

“Innovators are leveraging technologies including artificial intelligence, blockchain, and cloud infrastructure to transform traditional financial systems and create entirely new ones,” Selig commented. “As chairman, I am committed to developing tailored regulations for this evolving financial landscape.”

Selig explained that the new innovation committee, which succeeds the former Technology Advisory Committee, will support the CFTC as it crafts updated regulatory frameworks. This committee is one of five external advisory groups that provide specialized guidance to the agency.

With the CFTC poised to play a major role in U.S. cryptocurrency oversight, the agency is inviting the public to propose additional committee members and suggest discussion topics through the end of January.

Further Reading: Senate Approves Crypto-Friendly Nominees for CFTC and FDIC