The U.S. Commodity Futures Trading Commission (CFTC) on Tuesday announced the formation of an Innovation Task Force aimed at developing clearer regulatory frameworks for crypto assets, artificial intelligence, and prediction markets within U.S. derivatives markets.

“By establishing a clear regulatory framework for innovators building on the new frontier of finance, we can foster responsible innovation at home and ensure American market participants are not left on the sidelines,” Chairman Michael Selig said in a statement.

The unit will operate alongside the CFTC’s Innovation Advisory Committee, which was formed in February and includes more…