The Commodity Futures Trading Commission has unveiled members of its new crypto-focused Innovation Task Force, aimed at creating clearer rules for digital asset markets. The group will be led by Michael Passalacqua and includes legal and crypto specialists from both private practice and the agency.

CFTC Chair Mike Selig said the team’s goal is to establish “clear rules of the road” for blockchain, AI, and prediction market innovation. The initiative is part of a broader regulatory push to define oversight responsibilities between agencies as crypto adoption grows.

The move also ties into the proposed CLARITY Act, which could determine whether the CFTC or the Securities and Exchange Commission oversees most digital assets. Regulators say both agencies are preparing to implement the framework if Congress passes the bill, potentially reshaping how crypto is regulated in the United States.