Acting Chairman of the U.S. Commodity Futures Trading Commission (CFTC) Caroline Pham announced the first members of the CEO Innovation Council. Specifically, the membership includes: Pham noted that the Commission continues to lead the way in introducing breakthrough initiatives that demonstrate responsible innovation with public and expert input. She noted that based on the success […] Сообщение Crypto Exchange Leaders Join CFTC CEO Innovation Council появились сначала на INCRYPTED.Acting Chairman of the U.S. Commodity Futures Trading Commission (CFTC) Caroline Pham announced the first members of the CEO Innovation Council. Specifically, the membership includes: Pham noted that the Commission continues to lead the way in introducing breakthrough initiatives that demonstrate responsible innovation with public and expert input. She noted that based on the success […] Сообщение Crypto Exchange Leaders Join CFTC CEO Innovation Council появились сначала на INCRYPTED.

Crypto Exchange Leaders Join CFTC CEO Innovation Council

2025/12/11 17:01
  • The CFTC has named the participants in its CEO Innovation Council.
  • The first list includes CEOs from CME Group, Nasdaq, Kraken, Crypto.com and others.

Acting Chairman of the U.S. Commodity Futures Trading Commission (CFTC) Caroline Pham announced the first members of the CEO Innovation Council. Specifically, the membership includes:

  • Shayne Coplan — CEO of Polymarket;
  • Craig Donohue — CEO of Cboe Global Markets;
  • Terry Duffy — Chairman and CEO of CME Group;
  • Tom Farley — CEO of Bullish;
  • Adena Friedman — Chair and CEO of Nasdaq;
  • Luke Hoersten — CEO of Bitnomial;
  • Tarek Mansour — CEO of Kalshi;
  • Kris Marszalek — CEO of Crypto.com;
  • David Schwimmer — CEO of LSEG;
  • Arjun Sethi — Co-CEO of Kraken;
  • Jeff Sprecher — CEO of Intercontinental Exchange;
  • Tyler Winklevoss — CEO of Gemini.

Pham noted that the Commission continues to lead the way in introducing breakthrough initiatives that demonstrate responsible innovation with public and expert input. She noted that based on the success of events such as the CFTC Crypto CEO Forum and the joint SEC-CFTC roundtable, the CEO Innovation Council was created to focus on the development of market structure in the derivatives industry.

In addition, she emphasized that the council focuses on topics such as tokenization, cryptoassets, 24/7 trading, perpetual contracts, prediction markets, and blockchain-based market infrastructure. She thanked the CEOs who agreed to share their insights and experiences with the Commission, noting that this will help to effectively prepare for future challenges and opportunities.

According to the representative of the regulator, additional details about the work of the Board will be made public after the completion of the preparatory phase.

Recall, earlier CFTC launched a pilot program to use cryptocurrencies as collateral in derivatives markets.

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Aave DAO to Shut Down 50% of L2s While Doubling Down on GHO

Aave DAO to Shut Down 50% of L2s While Doubling Down on GHO

The post Aave DAO to Shut Down 50% of L2s While Doubling Down on GHO appeared on BitcoinEthereumNews.com. Aave DAO is gearing up for a significant overhaul by shutting down over 50% of underperforming L2 instances. It is also restructuring its governance framework and deploying over $100 million to boost GHO. This could be a pivotal moment that propels Aave back to the forefront of on-chain lending or sparks unprecedented controversy within the DeFi community. Sponsored Sponsored ACI Proposes Shutting Down 50% of L2s The “State of the Union” report by the Aave Chan Initiative (ACI) paints a candid picture. After a turbulent period in the DeFi market and internal challenges, Aave (AAVE) now leads in key metrics: TVL, revenue, market share, and borrowing volume. Aave’s annual revenue of $130 million surpasses the combined cash reserves of its competitors. Tokenomics improvements and the AAVE token buyback program have also contributed to the ecosystem’s growth. Aave global metrics. Source: Aave However, the ACI’s report also highlights several pain points. First, regarding the Layer-2 (L2) strategy. While Aave’s L2 strategy was once a key driver of success, it is no longer fit for purpose. Over half of Aave’s instances on L2s and alt-L1s are not economically viable. Based on year-to-date data, over 86.6% of Aave’s revenue comes from the mainnet, indicating that everything else is a side quest. On this basis, ACI proposes closing underperforming networks. The DAO should invest in key networks with significant differentiators. Second, ACI is pushing for a complete overhaul of the “friendly fork” framework, as most have been unimpressive regarding TVL and revenue. In some cases, attackers have exploited them to Aave’s detriment, as seen with Spark. Sponsored Sponsored “The friendly fork model had a good intention but bad execution where the DAO was too friendly towards these forks, allowing the DAO only little upside,” the report states. Third, the instance model, once a smart…
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BitcoinEthereumNews2025/09/18 02:28