LIVE: The CFTC's New Frontier

Summary

The CFTC's inaugural Innovation Advisory Committee meeting covered crypto market structure, AI and compute markets, and prediction markets. Chair Selig previewed a roadmap for crypto asset rules, compute derivatives, and prediction market regulation. Industry participants emphasized federal preemption, regulatory clarity, perpetual futures, compute as a commodity, and the need to balance innovation with market integrity. The discussion was largely policy-oriented, with the most concrete investable comments centered on compute and perpetual futures.

• CFTC Chair Selig outlines plans for crypto asset market structure and the Clarity Act
• Crypto leaders describe regulation-by-enforcement damage and offshore migration
• AI session focuses on agentic finance, cybersecurity, stablecoin payments, and compute
• Don Wilson argues perpetual futures should be regulated as futures and would benefit USO
• Ragi Arada frames compute as a major emerging commodity with $670 billion data center spend
• Don Wilson urges faster approval for Silicon Data compute futures via self-certification
• Prediction market session debates manipulation risk, public good, and federal preemption