CFTC Names Five Experts to Innovation Task Force—Crypto Regulatory Clarity Campaign Intensifies

The US Commodity Futures Trading Commission is doubling down on its crypto intelligence push. On Friday, the agency revealed the inaugural roster for its Innovation Task Force, a move signaling serious institutional commitment to establishing workable regulatory frameworks for digital assets.

Building the Regulatory Brain Trust

CFTC Chairman Mike Selig, who launched the Innovation Task Force back on March 24, tapped Michael Passalacqua as its leader. Passalacqua, serving as senior advisor to Selig, now heads a five-member core team stacked with crypto credentials:

• •Hank Balaban: Former Latham & Watkins crypto lawyer
• •Sam Canavos: Ex-Patomak crypto and prediction markets advisor
• •Mark Fajfar: CFTC legal veteran
• •Eugene Gonzalez IV: Ex-Sidley blockchain lawyer
• •Dina Moussa: CFTC Market Participants Division special counsel

This isn't a token effort—it's a deliberate assembly of deep expertise across legal, market structure, and blockchain domains. "The Innovation Task Force brings together a leading team that exhibits deep expertise and an enthusiastic commitment to deliver clear rules of the road for American innovators," Selig stated in the announcement.

The composition matters. We're looking at lawyers who've actually built crypto practices, not regulatory newcomers. These are people who understand both the technical nuances and the market mechanics that make crypto fundamentally different from legacy finance.

The Broader Regulatory Momentum

This task force sits within a larger strategic shift. Both the CFTC and Securities and Exchange Commission are actively carving out their respective domains under the Trump administration's pro-innovation stance. The SEC signaled in mid-March that it doesn't view most crypto assets as falling under its securities jurisdiction—a critical delineation that positions the CFTC as the probable primary overseer for digital commodities and derivatives trading.