CFTC Innovation Advisory Committee Holds First Meeting as Related Tokens and Stocks Rise

CFTC opens first Innovation Advisory Committee meeting

On Aug. 22, the U.S. Commodity Futures Trading Commission (CFTC) held the first meeting of its Innovation Advisory Committee (IAC), chaired by CFTC Chair Michael S. Selig and others. The attendee list included many founders and executives from the crypto industry.

Assets linked to attendees post gains

As the crypto sector kept moving higher, tokens and stocks linked to the attendees also rose.

• LIT was up more than 21% over 24 hours, lifting its market cap to $797 million.
• XRP gained more than 20% over 24 hours, with market cap rising to $96.57 billion.
• CRO rose more than 16% over 24 hours, bringing its market cap to $3.067 billion.
• UNI climbed more than 15% over 24 hours, with market cap at $3.84 billion.
• LINK added more than 12% over 24 hours, taking its market cap to $9.148 billion.
• OKB rose more than 10% over 24 hours, with market cap at $2.469 billion.
• SOL gained more than 8% over 24 hours, lifting its market cap to $56.107 billion.

Related U.S. stocks close higher

• COIN closed up 8.20%, with market cap rising to $49.203 billion.
• BTGO closed up 3.64%, with market cap rising to $804 million.
• HOOD closed up 13.70%, with market cap rising to $97.218 billion.