The U.S. Commodity Futures Trading Commission, which is set to become the crypto market’s primary regulator, has named some of the crypto sector’s most prominent executives to its newly created Innovation Advisory Board, including the CEOs of Coinbase, Ripple, Robinhood, and Uniswap Labs.
To fill some of the 35-member committee that will guide the U.S. derivatives regulator toward the needs of companies at the center of financial innovation, the agency was repurposing its previous CEO Council, which was created late last year before CFTC Chairman Mike Selig took over.
“By bringing together participants from all corners of the market, IAC will be a great asset to the European Commission as it works to modernize rules and regulations for innovation today and tomorrow,” Selig said in a statement.
The initial group already included members such as Gemini CEO Tyler Winklevoss, Kraken co-CEO Arjun Sethi, and Polymarket CEO Shayne Coplan, but the larger committee added several more crypto CEOs and top executives from FanDuel and DraftKings. In addition, advisors will include leaders from a number of traditional companies and organizations, including the CEOs of Nasdaq, CME Group, Cboe Global Markets, the Futures Industry Association (FIA), and the International Swaps and Derivatives Association (ISDA).
The 35 other new names are Chris Dixon of a16z Crypto, Anatoly Yakovenko of Solana Labs, Peter Mintzberg of Grayscale, Sergey Nazarov of Chainlink Labs, and Alana Palmedo of Paradigm. Tom Farley, CEO of Bullish, CoinDesk’s parent company, is also a member.
Mr. Selig recently officially joined the SEC’s Project Crypto to announce the cryptocurrency challenge his agency is pursuing in collaboration with the Securities and Exchange Commission.
The CFTC’s advisory committees are as follows (* indicates previous council members):
- Hayden Adams, Uniswap Labs CEO
- Brian Armstrong, Coinbase CEO
- Andrei Borkovich, CEO of Options Clearing Corporation
- Thomas Tsipas, CEO of Rothera Markets
- Shane Coplan, Polymarket CEO *
- Professor Harry Crane, President
- Chris Dixon, a16z Crypto General Partner
- Craig Donohue, CEO, Cboe Global Markets *
- Terry Duffy, CME Group Chairman and CEO *
- Tom Farley, Bullish CEO *
- Adena Friedman, Nasdaq Chairman and CEO *
- Brad Garlinghouse, CEO of Ripple
- Christian Genetzky, President of FanDuel
- Luke Hoersten, Bitnomial CEO *
- Frank LaSalla, President and CEO, Depository Trust and Clearing Corporation
- Walt Lucken, FIA CEO
- Tarek Mansour, CEO of Karshi *
- Chris Marszalek, Crypto.com CEO *
- Nathan McCauley, CEO of Anchorage Digital
- Peter Mintzberg, Grayscale CEO
- Sergei Nazarov, Chainlink Labs CEO
- Scott D. O’Malia, ISDA CEO
- Alana Palmedo, Managing Partner, Paradigm
- Vivek Raman, Etherealize CEO
- Representative Professor Carla Reyes
- Jason Robbins, DraftKings CEO
- David Schwimmer, LSEG CEO *
- Arjun Sethi, Kraken Co-CEO *
- Peter Smith, Blockchain.com CEO
- Vance Spencer, Co-Founder, Framework Ventures
- Jeff Sprecher, CEO, Intercontinental Exchange *
- Robinhood CEO Vlad Tenev
- Don Wilson, DRW CEO
- Tyler Winklevoss, Gemini CEO *
- Anatoly Yakovenko, Solana Labs CEO
Read more: CFTC names Tyler Winklevoss and other crypto CEOs as first members of innovation panel
