On March 24, CFTC Chair Michael Selig announced the launch of the “Innovation Task Force,” which the agency said is dedicated to advancing clear rules for companies building novel products and technologies within U.S. derivatives markets. According to the announcement, the task force, in partnership with the CFTC’s “Innovation Advisory Committee,” will work with the commission to develop a regulatory framework focused on three areas: (i) crypto assets and blockchain technologies; (ii) AI and autonomous systems; and (iii) prediction markets and event contracts. Selig asserted the framework would “foster responsible innovation at home and ensure American market participants are not left on the sidelines.” The CFTC stated the task force will also coordinate with other federal agencies, including the SEC and its “Crypto Task Force,” on innovation initiatives.