Webcast

AGENDA

1:00 pm – 1:30 pm

30 Minutes

• Introductions and Opening Remarks
  • Michael J. Passalacqua, DFO, Innovation Advisory Committee
  • Walt Lukken, Chair, Innovation Advisory Committee
  • Michael S. Selig,Chairman, Commodity Futures Trading Commission; Sponsor, Innovation Advisory Committee

1:30 pm – 2:20 pm 

50 Minutes

Session I — Crypto’s Regulatory Evolution: From Uncertainty to Clarity

• Potential Topics
  • A Brief History
    • The emergence of crypto asset markets and early regulatory approaches.
    • The evolution of state licensing regimes and the resulting patchwork of requirements.
    • The absence of a comprehensive federal market structure framework.
  • Stories from the Trenches
    • Practical experiences navigating regulatory uncertainty.
    • The impact of overlapping jurisdictions, inconsistent interpretations, and regulation-by-enforcement policymaking.
    • How uncertainty affected innovation, investment, and the location of crypto businesses.
  • Regulators Doing Their Part
    • Recent efforts by regulators to provide greater transparency and regulatory clarity.
    • Opportunities to modernize existing rules using current statutory authority.
    • Areas where regulatory action can complement future congressional legislation.
  • The Road Ahead
    • The remaining challenges to a durable federal market structure.
    • Themes for building a framework that promotes innovation while preserving market integrity and customer protection.
    • Cybersecurity, operational resilience, and crypto asset infrastructure as foundational elements of trusted markets.

2:30 pm – 3:05 pm

35 Minutes

Session II — Artificial Intelligence: Preparing for Intelligent Markets

• Potential Topics
  • The AI Revolution in Derivatives Markets
    • The rapid evolution of artificial intelligence across financial services.
    • Emerging applications in trading, compliance, surveillance, and risk management.
  • The Rise of Agentic Finance
    • Autonomous agents capable of executing financial transactions and managing portfolios.
    • Intersection of crypto and AI.
  • Preparing for the Future
    • How existing regulatory principles apply to AI-enabled market participants.
    • Whether additional guidance or best practices would promote responsible innovation.

3:05 pm – 3:55 pm

50 Minutes

Session III — Prediction Markets: Innovation, Jurisdiction, and the Future of Event Contracts

• Potential Topics
  • The Evolution of Prediction Markets
    • The growth of event contracts as a tool for price discovery, information aggregation, and risk management.
    • New technologies and market structures expanding access to prediction markets.
  • Federal and State Regulatory Perspectives
    • The respective roles of federal and state authorities in overseeing prediction markets.
    • Recent state litigation and enforcement actions.
    • The importance of regulatory certainty and clearly defined jurisdiction for market participants.
  • Building a Durable Regulatory Framework
    • Product design principles for event contracts.
    • Expectations for exchanges listing innovative products.
    • Market surveillance, manipulation concerns, and customer protections.
  • The Road Ahead
    • Balancing innovation with public confidence in regulated markets.
    • Identifying principles that can guide the next generation of event-based products.

• Closing Remarks 
  • Michael S. Selig, Chairman, Commodity Futures Trading Commission