At the first meeting of the U.S. Commodity Futures Trading Commission’s Innovation Advisory Committee, Multicoin Capital co-founder Tushar Jain laid out three policy recommendations focused on financial innovation. He called for a safe harbor or innovation exemption for emerging markets such as compute derivatives, saying developers should be allowed to test new products and business models within a compliant framework. Jain also urged support for compliant privacy and confidentiality tools in DeFi so institutional investors can protect trading privacy while regulators retain enough visibility to identify and manage systemic risk. His third proposal was to support Pre-IPO perpetual futures, which he said would give ordinary U.S. investors a way to participate in wealth creation tied to AI and other emerging industries. Jain argued this could help investors avoid being shut out by private-market access restrictions or pushed into indirect exposure through less transparent special purpose vehicles, or SPVs. He added that he also spoke that day with U.S. Securities and Exchange Commission Chair Paul Atkins and said he remains optimistic about regulators’ efforts to advance financial innovation and the future development of the United States.
At the first meeting of the U.S. Commodity Futures Trading Commission’s Innovation Advisory Committee on Aug. 21, Multicoin Capital co-founder Tushar Jain presented three recommendations tied to market structure and financial innovation.
His first proposal was to create a safe harbor or innovation exemption for emerging markets such as compute derivatives, allowing developers to test new products and business models within a compliant framework.
His second proposal focused on decentralized finance, or DeFi. Jain said regulators should support the use of compliant privacy and confidentiality tools that can protect institutional investors’ trading privacy while still giving regulators enough transparency to identify and manage systemic risk.
His third proposal was support for Pre-IPO perpetual futures. Jain said such products could allow ordinary U.S. investors to participate in wealth growth tied to AI and other emerging industries, instead of being excluded by private-market access restrictions or forced to gain indirect exposure through less transparent special purpose vehicles, or SPVs.
Jain also said he spoke with U.S. Securities and Exchange Commission Chair Paul Atkins the same day and added that he is optimistic about regulators’ push for financial innovation and the future development of the United States.
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