Brad Garlinghouse, CEO of Ripple, attended the CFTC’s first-ever Innovation Advisory Committee meeting on August 20. CFTC Chairman Michael Selig directed staff to explore how existing regulatory authorities could be used to build a structured framework for crypto markets. The Digital Asset Market Clarity Act, designed to clarify jurisdiction between the CFTC and SEC, remains stalled in the US Senate, requiring 60 votes to pass. This meeting signaled a notable shift from the previous enforcement-first approach that defined the agency. Garlinghouse emphasized that the evolving tone at the top of the CFTC is essential for deploying faster, more efficient financial technologies at scale.
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