The U.S. Commodity Futures Trading Commission (CFTC) has announced the creation of an Innovation Task Force to establish clear regulatory guidelines for the derivatives market. Chaired by Michael S. Selig, the Task Force aims to support innovators in developing new products and technologies, focusing on crypto assets, blockchain technology, artificial intelligence, and prediction markets. The Task Force will collaborate with the Innovation Advisory Committee and coordinate with federal agencies, including the U.S. Securities and Exchange Commission (SEC), to advance the Commission's innovation agenda. Michael J. Passalacqua, Senior Advisor to the Chair, will lead the Task Force.