CFTC committee hears proposals for DeFi privacy and pre-IPO perpetual futures

The CFTC (U.S. derivatives regulator) held the inaugural meeting of its Innovation Advisory Committee this morning, where Multicoin Capital co-founder Tushar Jain presented three proposals. He called for safe harbors or innovation exemptions for emerging markets such as computing-power derivatives, compliant privacy tools for DeFi (decentralized finance), and pre-IPO perpetual futures to give ordinary U.S. investors exposure to wealth creation in industries such as AI. Jain also said he spoke with SEC (U.S. securities regulator) Chairman Paul Atkins and remained optimistic about regulators' support for financial innovation and the United States' future development.

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