**[US CFTC Establishes "Innovation Task Force" to Develop Clear Regulatory Rules for the US Derivatives Market]** BlockBeats News, March 24, according to official sources, Michael S. Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), announced today the establishment of an "Innovation Task Force" aimed at creating clear regulatory rules for innovators developing new products and technologies in the U.S. derivatives market. The Innovation Task Force will collaborate with the "Technology Advisory Committee" to jointly advance the development of a clear regulatory framework, focusing on three key areas: (i) Crypto assets and blockchain technology; (ii) Artificial intelligence and autonomous systems; and (iii) Prediction markets and event contracts. Selig stated: "By establishing a clear regulatory framework for companies innovating in the frontier areas of finance, we can foster responsible innovation domestically and ensure that U.S. market participants are not left behind." The task force's responsibility is to implement the Commission's innovation agenda and will work in coordination with federal agencies and departments, including the U.S. Securities and Exchange Commission (SEC) and its cryptocurrency task force, to advance various innovation initiatives. The task force will be led by Senior Advisor to the Chairman, Michael J. Passalacqua.