BlockBeats News, August 21st. This morning, the first Innovation Advisory Committee of the U.S. CFTC was held. Tushar Jain, Co-founder of Multicoin Capital, proposed three suggestions during the meeting.

First, provide a safe harbor or innovation waiver mechanism for emerging markets such as hash rate derivatives, allowing developers to test new products and business models within a compliant framework.

Second, support DeFi in adopting compliant privacy tools. This would safeguard institutional investor transaction privacy while providing sufficient transparency to regulatory agencies to identify and manage systemic risks.

Third, support the launch of Pre-IPO Perpetual Futures, enabling ordinary U.S. investors to participate in the wealth creation of emerging industries like AI. This would help avoid exclusion from the private placement market access restrictions or being required to indirectly participate through Special Purpose Vehicles (SPVs) lacking transparency.

Jain also mentioned that he had discussions with Paul Atkins, Chairman of the U.S. Securities and Exchange Commission (SEC) on the same day. He expressed optimism towards regulatory agencies driving financial innovation and the future development of the United States.