U.S. CFTC Committee Appoint Ripple, Coinbase, Robinhood CEOs to Boost Crypto Regulation

Michael Adeleke
3 hours ago
Michael Adeleke

Michael Adeleke

Crypto Journalist
Expertise : Cryptocurrency, Blockchain, DeFi
Michael Adeleke is a passionate crypto journalist known for breaking down complex blockchain concepts and market trends into clear, engaging narratives. He specializes in delivering timely news and sharp market analysis that keeps crypto enthusiasts informed and ahead of the curve. With an engineering background and a degree from the University of Ibadan, Michael brings analytical depth and precision to every piece he writes.
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Ripple, Coinbase, and Robinhood leaders named to CFTC panel

Highlights

  • The CFTC appointed inaugural members to its newly formed Innovation Advisory Committee.
  • Top crypto execs, including Brad Garlinghouse of Ripple, Brian Armstrong of Coinbase were named .
  • CFTC Chair Mike Selig said the panel will help “future-proof” U.S. markets.

The US Commodity Futures Trading Commission (CFTC) has set its inaugural members for its newly formed crypto regulatory committee. This featured crypto heavyweights’ CEOs from Coinbase, Ripple, and Robinhood.

Ripple, Coinbase, Robinhood Execs Named in CFTC Committee

The US commission, which is expected to be the primary crypto market regulator, has appointed several of the crypto space’s most prominent executives to the newly established “Innovation Advisory Committee.”

The 35-member panel will guide the U.S. derivatives market regulator on the needs of firms on financial innovation. Moreover, in its bid to fill up its membership, the agency has chosen to use the existing CEO council that was set up at the end of last year, before CFTC Chairman Mike Selig was appointed.

“The committee will help ensure the CFTC’s decisions reflect market realities so the agency can future-proof its markets and develop clear rules of the road for the Golden Age of American Financial Markets,” he said.

The committee includes blockchain representatives such as Ripple’s CEO, Brad Garlinghouse, Sergey Nazarov, the CEO of Chainlink Labs, as well as Brian Armstrong from Coinbase. Bullish, Crypto.com, Gemini, and Kraken executives are present in the committee and other trading platforms as well.

Additionally, these advisors will also include the heads of many of the more traditional companies and organizations. This includes the Chief Executives of Nasdaq, CME Group, and Cboe Global Markets.

The CFTC has been making major steps to clarify rules on how it would regulate the crypto market. Just last month, the regulator and the SEC held a meeting to deliberate further on specific jurisdictions for each agency.

Crypto Clarity Grows In the U.S.

The commission chair, Selig, has continued to indicate that under his administration, there will be a more lenient regulatory atmosphere for the digital asset industry and other financial innovations like prediction markets. The regulator had, together with the SEC, initiated “Project Crypto” to improve the regulation of crypto.

In addition, last month, an MOU between the SEC and the CFTC was signed. This would outline the relationship between them. This is part of the plan for the growth of the industry. This would significantly enhance the position of the US in the crypto market globally.

Also, the former directives on digital assets issued so far by the agency were abolished by the commission last year. They cited the changing nature of the crypto space as a major reason for this action. The agency believes the former guidelines do not reflect the mode of operation as it is today.

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

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About Author
About Author
Michael Adeleke is a passionate crypto journalist known for breaking down complex blockchain concepts and market trends into clear, engaging narratives. He specializes in delivering timely news and sharp market analysis that keeps crypto enthusiasts informed and ahead of the curve. With an engineering background and a degree from the University of Ibadan, Michael brings analytical depth and precision to every piece he writes.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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