The Commodity Futures Trading Commission has launched the Innovation Advisory Committee (IAC), renaming the former Technology Advisory Committee, to provide advice and recommendations on the impact and implications of technological innovation across financial services, derivatives, and commodity markets. The committee is intended to include a balance of viewpoints from the financial industry, regulators, fintech providers, public interest groups, academia, and market infrastructure firms. Chaired under the sponsorship of Chairman Michael S. Selig, the IAC is expected to advise on emerging products, platforms, and business models and the use of technologies such as artificial intelligence, blockchain, and cloud computing. Its charter also covers advising on the application and utilization of new technologies by market professionals and users, and may extend to recommendations on the appropriate level of CFTC technology investment to support surveillance and enforcement responsibilities. Chairman Selig plans to nominate participants from the CEO Innovation Council as charter members and is seeking additional nominations and topic suggestions, with submissions due by 31 January 2026.
Commodity Futures Trading Commission launches Innovation Advisory Committee and seeks nominations by 31 January 2026
The Commodity Futures Trading Commission has launched the Innovation Advisory Committee, formerly the Technology Advisory Committee, to advise on technological innovation in financial services, derivatives, and commodity markets, with a focus on AI, blockchain, and cloud computing. Chaired by Michael S. Selig, the committee will include diverse industry viewpoints and is accepting nominations and topic suggestions until 31 January 2026.