Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Policy
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Crypto CEOs Join U.S. CFTC's Innova
Policy
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Crypto CEOs Join U.S. CFTC's Innova
Crypto CEOs Join U.S. CFTC's Innovation Council to Steer Market Developments
Crypto CEOs Join U.S. CFTC's Innovation Council to Steer Market Developments
The chief executives of firms such as Gemini and Kraken will pitch in on U.S. policy efforts through the council's future, public discussions.
By Jesse Hamilton|Edited by Nikhilesh De
Updated Dec 10, 2025, 10:27 p.m. Published Dec 10, 2025, 10:22 p.m.
Commodity Futures Trading Commission Acting Chairman Caroline Pham announced crypto CEOs are joining the agency's innovation council. (Jesse Hamilton/CoinDesk)
What to know:
- In her final days atop the agency, Commodity Futures Trading Commission Acting Chairman Caroline Pham announced her CEO Innovation Council, replete with crypto executives.
- The names include the chief executives from Gemini, Kraken, Polymarket, Bitnomial and several others.
- The CFTC is expected to get its permanent chairman very soon when the Senate votes on the confirmation of Mike Selig, President Donald Trump's nominee.
The Commodity Futures Trading Commission has announced the initial names as it stands up its CEO Innovation Council meant to delve into derivatives market-structure developments, especially around tokenization, crypto and blockchain technology.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the State of Crypto Newsletter today. See all newsletters
Sign me up
Prominent crypto-sector CEO names such as Gemini's Tyler Winklevoss, Kraken's Arjun Sethi and Polymarket's Shayne Coplan will join chief executives from such mainstay firms as CME Group, Nasdaq, Intercontinental Exchange and Cboe Group.
"I am grateful to the CEOs who have agreed to share their vision and experience with the commission as we hit the ground running to prepare for the future and beyond," said CFTC Acting Chairman Caroline Pham, in a statement. She said the group — whose names were gathered rapidly in a two-week period — will be "specifically focused on market structure developments in derivatives markets such as tokenization, crypto assets, 24/7 trading, perpetual contracts, prediction markets and blockchain market infrastructure."
The complete list for the incoming council is:
- Shayne Coplan, CEO, Polymarket
- Craig Donohue, CEO, Cboe Global Markets
- Terry Duffy, Chairman and CEO, CME Group
- Tom Farley, CEO, Bullish
- Adena Friedman, Chair and CEO, Nasdaq
- Luke Hoersten, CEO, Bitnomial
- Tarek Mansour, CEO, Kalshi
- Kris Marszalek, CEO, Crypto.com
- David Schwimmer, CEO, LSEG
- Arjun Sethi, Co-CEO, Kraken
- Jeff Sprecher, CEO, Intercontinental Exchange
- Tyler Winklevoss, CEO, Gemini
Bullish is CoinDesk's parent company.
The CEO group's formation is the latest in a rapid-fire series of crypto developments from the CFTC and Pham. The interim chair is moving quickly to finish up the final priorities of her own crypto agenda. This week, the agency announced a pilot program for using crypto collateral in the derivatives market, which followed days after Pham's announcement that Bitnomial (whose CEO is on the council) had kicked off leverage spot crypto trading she'd personally encouraged as acceptable under U.S. derivatives laws.
These are expected to be the final days of her leadership tenure at the agency, with President Donald Trump's chairman nominee, Mike Selig, expected to be confirmed as soon as Wednesday by the Senate. Once he's sworn in, he'll arrive amid the deluge of new crypto policy work orchestrated by Pham.
Though her interim chairmanship has been less than a year, she made crypto policy a central task of the derivatives watchdog, responding to President Donald Trump's directives to push friendly digital asset policy to make the U.S. a leading global hub. Similarly, Trump's Securities and Exchange Commission chairman, Paul Atkins, has also spent much of his bandwidth on his agency's program known as Project Crypto.
U.S. Commodity Futures Trading CommissionGeminiPolymarketKrakenCaroline D. PhamRegulation
More For You
Protocol Research: GoPlus Security
Commissioned byGoPlus
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
View Full Report
More For You
U.S. Banking Regulator Warns Wall Street on 'Debanking,' Claims Practices 'Unlawful'
The Office of the Comptroller of the Currency probed debanking of certain industries, including digital assets, and said it'll pursue any repeat of such activity.
What to know:
- The Office of the Comptroller of the Currency, which regulates U.S. national banks, released a report on so-called "debanking" of industries including crypto, saying that Wall Street banks have been guilty and may be subject to punishment.
- The report comes as a response to President Donald Trump's executive order in August directing regulators to probe debanking.
- It's unclear what legal authority the OCC may cite to pursue cases against bankers who violate the agency's standards.
Read full story
Latest Crypto News
State Street and Galaxy to Launch Tokenized Liquidity Fund on Solana in 2026
Stripe Acqui-Hires Crypto Payments Startup Valora, Venturing Further Into Stablecoins
U.S. Banking Regulator Warns Wall Street on 'Debanking,' Claims Practices 'Unlawful'
Bitcoin Swings Wildly as Fed's Powell Straddles Labor Market and Inflation Issues
A16z Crypto to Open Seoul Office, Hire Sungmo Park to Lead Asia Efforts
Consumer Groups Join Unions Trying to Derail U.S. Crypto Market Structure Bill
Top Stories
Bitcoin Swings Wildly as Fed's Powell Straddles Labor Market and Inflation Issues
Federal Reserve Cuts Rates 25 Basis Points, With Two Members Voting for Steady Policy
U.S. Banking Regulator Warns Wall Street on 'Debanking,' Claims Practices 'Unlawful'
Consumer Groups Join Unions Trying to Derail U.S. Crypto Market Structure Bill
Paxful Pleads Guilty to Aiding Crime, Ignoring AML Laws
SpaceX’s $300M Bitcoin Stack Puts Crypto Inside the World’s Biggest Planned IPO
Market Opportunity
Union Price(U)
$0,001432
$0,001432$0,001432
USD
Union (U) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Let insiders trade – Blockworks
The post Let insiders trade – Blockworks appeared on BitcoinEthereumNews.com. This is a segment from The Breakdown newsletter. To read more editions, subscribe “The most valuable commodity I know of is information.” — Gordon Gekko, Wall Street Ten months ago, FBI agents raided Shayne Coplan’s Manhattan apartment, ostensibly in search of evidence that the prediction market he founded, Polymarket, had illegally allowed US residents to place bets on the US election. Two weeks ago, the CFTC gave Polymarket the green light to allow those very same US residents to place bets on whatever they like. This is quite the turn of events — and it’s not just about elections or politics. With its US government seal of approval in hand, Polymarket is reportedly raising capital at a valuation of $9 billion — a reflection of the growing belief that prediction markets will be used for much more than betting on elections once every four years. Instead, proponents say prediction markets can provide a real service to the world by providing it with better information about nearly everything. I think they might, too — but only if insiders are free to participate. Yesterday, for example, Polymarket announced new betting markets on company earnings reports, with a promise that it would improve the information that investors have to work with. Instead of waiting three months to find out how a company is faring, investors could simply watch the odds on Polymarket. If the probability of an earnings beat is rising, for example, investors would know at a glance that things are going well. But that will only happen if enough of the people betting actually know how things are going. Relying on the wisdom of crowds to magically discern how a business is doing won’t add much incremental knowledge to the world; everyone’s guesses are unlikely to average out to the truth. If…
Share
BitcoinEthereumNews2025/09/18 05:16
Morning Crypto Report: 'I Am Capitulating': What's Vitalik Buterin Talking About? Bitcoin Quantum Threat Drama Gets 20,000 BTC Twist, Cardano out of Top 10 as Bitcoin Cash Wins Back 25% of BCH Price
February 8, Sunday: Buterin says he is "capitulating" as X naming drama spills into the crypto market, Bitcoin's quantum threat adds a 20,000 BTC angle and Bitcoin
Share
Coinstats2026/02/08 21:51
Pi Network Users Criticize Core Team After Celebratory Post
The post Pi Network Users Criticize Core Team After Celebratory Post appeared on BitcoinEthereumNews.com. Home » Crypto Bits The first Friday of February was supposed
Share
BitcoinEthereumNews2026/02/08 22:11