CFTC Prepares to Tackle Crypto, AI, and Prediction Markets at First Innovation Advisory Committee Meeting

The Commodity Futures Trading Commission (CFTC) is set to hold its first Innovation Advisory Committee meeting on August 20, where crypto assets, artificial intelligence, and prediction markets will be discussed.

The three-hour meeting will run from 1 p.m. to 4 p.m. EDT, with committee members attending in Washington while the public can watch online.

Crypto assets have become a growing focus for the CFTC, with existing law giving the agency authority over commodity derivatives tied to assets such as Bitcoin.

However, pending market-structure legislation could expand the CFTC's responsibilities in digital commodity spot markets, raising questions about staffing, technology, and funding.