CFTC Brings Crypto Heavyweights Onto Advisory Panel Amid Fight Over Market Structure

In brief

• The CFTC added senior executives from crypto, finance, and trading firms to its Innovation Advisory Committee.
• While the delineation over who regulates spot and derivatives markets in crypto has largely been settled, lawmakers remain divided over the CLARITY Act’s treatment of stablecoins.
• Coinbase CEO Brian Armstrong has joined the panel, weeks after withdrawing support for the Senate bill due to concerns over regulatory balance.