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The United States' regulatory environment is being further upgraded! The CFTC establishes an Innovation Working Group, signaling new developments for the crypto industry. The Chairman of the Commodity Futures Trading Commission (CFTC), Mike Selig, announced the formation of a new "Innovation Working Group" aimed at providing clearer industry rules for domestic innovators and promoting the regulated development of the crypto market. The working group is led by Senior Advisor Michael Passalacqua, with a strong initial lineup of members, including experienced experts in crypto law, market regulation, and prediction markets.