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US CFTC Chairperson Announces Establishment of "Innovation Task Force" to Define Regulatory Guidelines for Crypto Assets, AI, and Prediction Markets

U.S. CFTC Chair Michael S. Selig announced the establishment of an "Innovation Task Force" that will work with the Innovation Advisory Committee to develop regulatory frameworks for crypto assets, AI automated systems, and prediction markets to promote fintech innovation and ensure U.S. market participants are not excluded. The task force will coordinate with the SEC's crypto task force to address overlapping regulatory issues.

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