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CFTC Announces Innovation Task Force Staff

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Summary

The CFTC announced the members of its Innovation Task Force (ITF), led by Michael J. Passalacqua. The ITF comprises staff from various CFTC divisions and offices, as well as individuals with private sector experience in crypto assets, blockchain, AI, and prediction markets. The task force will work with the Commission to develop a clear regulatory framework for innovators in these emerging technology areas.

What changed

The CFTC announced the appointment of five Senior Advisors to the Innovation Task Force: Hank Balaban, Sam Canavos, Mark Fajfar, Eugene Gonzalez IV, and Dina Moussa. The ITF will focus on developing regulatory frameworks for crypto assets and blockchain technologies, artificial intelligence and autonomous systems, and prediction markets and event contracts.

Affected parties, including technology companies and financial institutions engaged in these emerging areas, should monitor ITF activities. While this announcement does not create immediate compliance obligations, the ITF's work may inform future CFTC rulemaking and guidance affecting the regulated community.

What to do next

  1. Monitor ITF activities for future regulatory developments

Archived snapshot

Apr 11, 2026

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Release Number 9210-26

CFTC Announces Innovation Task Force Staff

April 10, 2026

WASHINGTON — The Commodity Futures Trading Commission today announced the members of the Innovation Task Force. The ITF will work with the Commission to develop a clear regulatory framework for innovators focused on crypto assets and blockchain technologies; artificial intelligence and autonomous systems; and prediction markets and event contracts.

The Innovation Task Force, led by Michael J. Passalacqua, is composed of staff from various divisions and offices throughout the Commission, as well as individuals with extensive private sector experience working on these issues.

“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,” said Chairman Michael S. Selig.

The initial members of the ITF include:

  • Hank Balaban, Senior Advisor: Prior to joining the ITR, Balaban practiced law at Latham & Watkins in the firm’s Digital Asset and Emerging Companies practice groups. Balaban holds a J.D. from Georgetown University and a bachelor’s degree from Dartmouth College.
  • Sam Canavos, Senior Advisor: Canavos was previously a consultant at Patomak Global Partners, where he advised firms on U.S. regulatory matters related to innovative technologies, including crypto and prediction markets. Canavos holds a J.D. from the Antonin Scalia Law School and a bachelor’s degree from the University of Virginia.
  • Mark Fajfar, Senior Advisor: Fajfar joins the ITF from the CFTC’s Office of the General Counsel, where he garnered over 10 years of experience working on legal matters. Before joining the CFTC, Fajfar served as special counsel at Fried Frank in the firm’s financial regulatory practice. He holds a J.D. and bachelor’s degree from Georgetown University.
  • Eugene Gonzalez IV, Senior Advisor: Gonzalez previously practiced law at Sidley Austin in the firm’s Blockchain and FinTech practice group. Gonzalez earned his J.D. from Fordham University and his bachelor’s degree from Villanova University.
  • Dina Moussa, Senior Advisor: Moussa joins the Task Force from the CFTC’s Market Participants Division, where she serves as special counsel. Moussa previously clerked on the U.S. District Court for the District of Columbia and, prior to that, worked in private practice in Cozen O’Connor’s white collar defense practice group. She holds a J.D. from Georgetown University and a bachelor’s degree from Wesleyan University. -CFTC-

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Last updated

Classification

Agency
CFTC
Published
April 10th, 2026
Instrument
Notice
Legal weight
Non-binding
Stage
Final
Change scope
Minor

Who this affects

Applies to
Technology companies Financial advisers
Industry sector
5112 Software & Technology 5239.1 Cryptocurrency & Digital Assets
Activity scope
Regulatory development Blockchain technology Prediction markets
Geographic scope
United States US

Taxonomy

Primary area
Financial Services
Operational domain
Compliance
Topics
Artificial Intelligence Cryptocurrency & Digital Assets Securities

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