PANews reported on November 26 that, according to The Block, Acting Chair Caroline Pham of the U.S. Commodity Futures Trading Commission (CFTC) is seeking CEOs to bolster the newly formed CEO Innovation Council. This council aims to strengthen the agency's work as it expands its regulation of digital assets. Pham announced on Tuesday that she is soliciting nominations for the council, with a deadline of December 8.

With bills from both the House and Senate granting the agency broader regulatory powers over digital assets, the CFTC is poised to play a greater role in crypto regulation. However, the timeline for legislative action remains uncertain, progress has stalled, and it has missed its previously set goals. In the meantime, the agency has launched a “crypto sprint” focused on clarifying cryptocurrency rules and plans to introduce spot trading products, including leveraged products.