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CFTC Invites Crypto Leaders to Guide Regulation in the US Digital Landscape

The U.S. Commodity Futures Trading Commission (CFTC) is mobilizing to reshape the crypto market by inviting top CEOs to participate in its CEO Innovation Council.

Acting Chairman Caroline D. Pham announced this initiative on November 25, aiming to collect nominations by December 8.

The council will focus on establishing regulations for crypto market structure, blockchain technology, and digital asset oversight.

Pham emphasized the importance of public engagement, calling upon industry leaders to collaborate on creating sensible regulatory frameworks.

She stated that the U.S. is entering a transformative era in market structure, driven by innovation and technology.

This effort is part of the CFTC's broader strategy that includes the ongoing Crypto Sprint, aimed at tackling various aspects of crypto trading and regulatory oversight.

Advocates argue that increased interaction between regulators and industry innovators will enhance market stability and clarity in rules.

The nomination process requires candidates to submit their credentials and areas of interest for the council.

This initiative is expected to position the U.S. favorably in the rapidly evolving landscape of global digital assets.

As the CFTC embraces this collaborative approach, it is likely to solidify America's role in the future of crypto regulation.