Overview
- The CFTC launched the Innovation Task Force on Tuesday to draft clear rules for crypto assets, artificial intelligence tools, and event‑contract markets.
- Senior adviser Michael J. Passalacqua will lead the group, which will coordinate with the SEC and the CFTC’s Innovation Advisory Committee.
- The SEC and CFTC recently signed an agreement to align oversight and issued joint guidance that sets a token taxonomy and says most digital assets are not securities.
- Prediction markets are a near‑term test as the CFTC opens rulemaking on event contracts and faces state actions against Kalshi in Arizona and Nevada.
- With the CLARITY Act stalled in the Senate, the task force gives builders a direct line to staff and a clearer path to launch products in U.S. markets.