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CFTC Chair Michael Selig announced today the formation of the Innovation Advisory Committee, which will play a critical role in developing "fit-for-purpose market structure regulations" for the next generation of finance.
What's the Scoop?
- Committee Rebrand: The Innovation Advisory Committee (IAC) will be the successor to the CFTC's Technology Advisory Committee. It will balance viewpoints across the financial industry, regulatory bodies, fintech providers, public interest groups, academia, and market infrastructure firms.
- Critical Role: The IAC will form recommendations to help the CFTC identify, understand, and respond to the market impact of technological innovation in financial markets. It will also provide guidance on how new technologies and regulatory frameworks can support support effective surveillance, enforcement, and market integrity.
- Seeking Members: Chair Selig will sponsor the Committee. Participants of the CEO Innovation Council are expected to be among members, and members of the public can submit additional nominations via [email protected] until January 31, 2026.
Innovators are harnessing technologies such as artificial intelligence, blockchain, and cloud computing to modernize legacy financial systems and build entirely new ones. Under my leadership, the Commission will develop fit-for-purpose market structure regulations for this new… https://t.co/puzntxnkvf
— Mike Selig (@MichaelSelig) January 12, 2026
