Crypto CEOs Join U.S. CFTC's Innovation Council to Steer Market Developments

Group 1 - The Commodity Futures Trading Commission (CFTC) has established a CEO Innovation Council to explore developments in derivatives market structure, particularly focusing on tokenization, crypto, and blockchain technology [1][2] - The council includes prominent figures from the crypto sector, such as Tyler Winklevoss (Gemini), Arjun Sethi (Kraken), and Shayne Coplan (Polymarket), alongside executives from established firms like CME Group, Nasdaq, and Intercontinental Exchange [1][2][7] - Acting Chairman Caroline Pham emphasized the council's focus on market structure developments in derivatives markets, including aspects like 24/7 trading and blockchain market infrastructure [2][4] Group 2 - The formation of the CEO group is part of a series of rapid developments in the crypto space initiated by the CFTC under Pham's leadership, including a pilot program for using crypto collateral in the derivatives market [4] - Pham's interim chairmanship has prioritized crypto policy, aligning with directives from President Donald Trump to position the U.S. as a leading global hub for digital assets [6] - The incoming leadership of Mike Selig is expected to continue the momentum of new crypto policy initiatives following Pham's tenure [5][6]