The Commodity Futures Trading Commission has announced the first members of its Innovation Task Force, a new initiative designed to provide clearer regulatory guidance for the digital asset sector. The task force was launched on March 24 by CFTC Chairman Mike Selig, who appointed Michael Passalacqua to lead the group.
According to the agency, the task force aims to deliver clearer “rules of the road” for innovators operating within the U.S. crypto and technology markets.
Task Force Includes Legal and Crypto Industry Experts
Passalacqua will work alongside five founding members with backgrounds in law, blockchain, and financial regulation. These include Hank Balaban, Sam Canavos, Mark Fajfar, Eugene Gonzalez IV and Dina Moussa.
Selig described the group as a team with strong technical and legal experience capable of advancing regulatory clarity while supporting responsible innovation.
Innovation Tracker Highlights Broader Regulatory Strategy
Alongside the task force announcement, the CFTC introduced an “innovation tracker” designed to monitor progress across key technology sectors. These focus areas include crypto and blockchain development, artificial intelligence systems, and contracts tied to prediction markets.
Regulatory direction may ultimately depend on the progress of the CLARITY Act. Meanwhile, the Securities and Exchange Commission has indicated that many crypto assets may not fall under securities classification, signaling a possible shift in oversight responsibilities between federal regulators.
SEC Chair Paul Atkins called for via X on Thursday;
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.