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CFTC Forms Innovation Advisory Committee With 35 Crypto and Finance Industry Leaders

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21Shares Introduces JitoSOL ETP to Offer Staking Rewards via Solana

TLDR:

    • CFTC appoints 35 industry leaders to Innovation Advisory Committee for derivatives oversight 
    • Committee includes executives from Coinbase, Kraken, Gemini, CME Group, and Nasdaq platforms 
    • Chairman Selig aims to future-proof markets through collaboration with diverse stakeholders
    • Academic experts and venture capital firms join traditional finance leaders on advisory panel

 

The Commodity Futures Trading Commission announced the members of its Innovation Advisory Committee on February 12, 2026.

Chairman Michael S. Selig nominated 35 industry leaders representing cryptocurrency platforms, traditional exchanges, and clearing organizations.

The committee will advise the agency on emerging technologies, including artificial intelligence and blockchain. Michael Passalacqua was named as the designated federal officer for the panel.

Diverse Industry Representation Across Financial Sectors

The newly formed committee brings together executives from various segments of the financial markets. Cryptocurrency exchange leaders include Brian Armstrong from Coinbase, Arjun Sethi from Kraken, and Tyler Winklevoss from Gemini. Traditional market operators such as Terry Duffy of CME Group and Adena Friedman of Nasdaq also joined the panel.

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The CFTC shared the announcement through its official social media channels. The agency posted details about the committee formation and member appointments. The communication emphasized the collaborative approach between regulators and market participants.

Prediction market operators received representation through Shayne Coplan of Polymarket and Tarek Mansour of Kalshi. Sports betting platforms gained seats with Jason Robins from DraftKings and Christian Genetski from FanDuel.

Blockchain infrastructure providers include Hayden Adams of Uniswap Labs and Anatoly Yakovenko of Solana Labs.

Academic perspectives will come from Professor Harry Crane and Professor Carla Reyes. Venture capital representation includes Chris Dixon from a16z crypto and Alana Palmedo from Paradigm.

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Clearing and settlement infrastructure leaders such as Frank LaSalla from DTCC round out the diverse membership roster.

Forward-Looking Regulatory Framework Development

Chairman Selig described the committee formation as marking an important moment for the agency. “Today marks an important and energizing moment at the CFTC as the Innovation Advisory Committee takes shape,” he stated.

The chairman added that the group’s work would help ensure decisions reflect market realities and future-proof markets.

The committee will focus on helping the Commission adapt to rapid technological changes. Members will provide expertise on how innovations are reshaping derivatives and commodity markets.

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Chairman Selig emphasized the goal of developing clear rules for what he called the Golden Age of American Financial Markets.

Maintaining America’s position in global financial markets represents a key priority for the Commission. “America is home to the most transparent and well-regulated financial markets in the world, but we cannot assume that this will always be the case,” Chairman Selig cautioned. He stressed the importance of continuous modernization efforts to preserve this status.

The chairman highlighted the value of diverse market perspectives in regulatory development. “By bringing together participants from every corner of the marketplace, the IAC will be a major asset for the Commission,” Selig explained.

The agency aims to modernize rules and regulations for current and future innovations through this collaborative approach.

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Ethereum Economic Zone launches at EthCC to tackle L2 ‘fragmentation problem’

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What wiped out $1.7 billion?

Summary

  • Gnosis, Zisk and the Ethereum Foundation unveiled the Ethereum Economic Zone (EEZ) at EthCC in Cannes to unify fragmented Ethereum layer-2 networks.
  • The framework targets over 20 L2s securing roughly $40 billion in value, enabling synchronous composability without relying on bridges and standardizing ETH as gas.
  • Early backers include Aave and Centrifuge, with developers calling EEZ a “new era” for on-chain applications as Ethereum grapples with slowing fee revenue and a weaker deflationary narrative.

The Ethereum (ETH) ecosystem took aim at one of its biggest structural weaknesses at EthCC 2026, as Gnosis, Zisk and the Ethereum Foundation publicly launched the Ethereum Economic Zone (EEZ), a rollup framework designed to knit together an increasingly fractured layer‑2 landscape. Revealed on March 29 at the Palais des Festivals in Cannes, the initiative seeks to make dozens of Ethereum L2s behave “like one unified system,” in the words of project backers, by restoring synchronous composability between rollups and Ethereum mainnet while keeping security anchored to the base chain.

Ethereum Economic Zone launches

More than 20 operational Ethereum L2s currently secure about $40 billion in assets, yet function largely as isolated ecosystems, each with its own liquidity pools, deployments and bridge infrastructure. “Ethereum doesn’t have a scaling problem. It has a fragmentation problem,” Gnosis co‑founder Friederike Ernst said in comments shared with crypto media, arguing that “every new L2 that goes live has its own liquidity pool and bridging, creating another isolated walled garden.” The EEZ framework instead allows smart contracts on participating rollups to perform synchronous calls with each other and with Ethereum mainnet in a single atomic transaction, using ETH as the default gas token and removing the need for separate bridge protocols.

At EthCC, Ernst and Zisk developer Jordi Baylina presented the EEZ as an explicitly Ethereum‑aligned answer to the user‑experience and capital‑efficiency frictions created by the network’s L2‑centric scaling roadmap. According to coverage from outlets such as The Block and CoinDesk, the collaboration is co‑funded by the Ethereum Foundation and launches with Aave, Centrifuge and a Swiss‑based EEZ Alliance among its early partners, underscoring that DeFi blue chips see value in shared liquidity and cross‑rollup settlement. “The zone will facilitate a new era of blockchain innovation,” Zisk’s CEO Maria Roberts told conference attendees, adding that developers will be able to plug existing applications into the framework “pretty easily.”

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The timing is not accidental. Ethereum’s shift of activity toward cheaper L2s has reduced fee revenue on mainnet and softened the narrative of ether as a strongly deflationary asset, with ETH trading near $2,000 even as the network still secures roughly $53 billion in DeFi total value locked and about $163 billion in stablecoins, according to recent market data cited by Phemex. By unifying L2 liquidity and simplifying cross‑network flows, EEZ’s architects are betting that a more cohesive Ethereum stack can keep capital and users inside the ecosystem, even as competing smart contract platforms and modular architectures fight for market share.

Kaiko reports Alameda gap still existsIn separate reporting on EthCC, organizers have described 2026 as “the year of professionalisation of Ethereum and the wider crypto ecosystem,” with the conference’s move to Cannes and the launch of institutional‑focused forums like Kaiko’s Agora strengthening the sense that Ethereum’s next phase will be defined as much by market structure and infrastructure as by new token launches.

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CFTC Chair Says Agency is Ready to Oversee Entire Crypto Market

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CFTC Chair Says Agency is Ready to Oversee Entire Crypto Market

Michael Selig, US President Donald Trump’s nominee leading the Commodity Futures Trading Commission (CFTC), said the agency was prepared to oversee the entire $3 trillion crypto industry, with no timeline for Congress to pass a crucial market structure bill.

In a Wednesday statement about his first 100 days as CFTC chair, Selig said that the commission was “ready to take responsibility” for the crypto market and reiterated his claim that it was the sole regulator to oversee prediction markets.

His comments come as the US Senate considers the CLARITY Act, a crypto market structure bill that has been effectively stalled in committee amid discussions over stablecoin yield and other issues.

“The same regulatory clarity being delivered to the crypto industry is being developed for prediction markets, which can serve as powerful tools for information discovery and are regulated by the CFTC under the Commodity Exchange Act,” said Selig.

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Under Selig, who was confirmed by the Senate in December, the CFTC has adopted many policies signaling that the agency would soften its enforcement and regulation of digital assets compared to previous administrations. In March, the agency announced a memorandum of understanding with the Securities and Exchange Commission (SEC) as part of efforts to coordinate on regulation, including digital assets.

Related: Crypto exchange KuCoin agrees to $500K settlement, ending CFTC case

Although early drafts of the market structure bill suggested the legislation could give the CFTC additional authority to oversee digital assets, the SEC is expected to continue regulating cryptocurrencies it considers to be securities.

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Lawmakers pressing CFTC on insider trading claims over prediction markets

US state authorities and federal lawmakers have been targeting prediction market platforms like Kalshi and Polymarket over alleged violations of gaming laws and claims of politicians using insider information to profit.

While many of the state-level actions continue to be litigated in court, Selig has claimed that the CFTC has “exclusive jurisdiction” over prediction markets and threatened legal action against any challenges to its authority.

In a Tuesday event, CFTC enforcement director David Miller said that the agency’s position was that event contracts on prediction markets were not “gaming” but rather “swaps” that fall under its purview.

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Some lawmakers have also proposed legislation to ban elected officials with insider information from profiting from event contracts after suspicious trades on military actions involving Iran and Venezuela.

Magazine: A newbie’s guide to surviving crypto winter