Big day for crypto regulation talks. CFTC's Acting Chairman Pham just rolled out the CEO Innovation Council lineup—basically bringing together some heavy hitters to hash out where derivatives markets are heading.

Who made the cut? Polymarket and Kalshi are in the room (prediction markets getting serious attention), plus the exchange trio: Crypto.com, Gemini, and Kraken. Not your average coffee chat—these are the platforms moving billions daily.

The focus? Market structure developments in derivatives. Translation: how do we build frameworks that don't choke innovation but still keep things from going off the rails?

Timing matters here. With the current administration's friendlier stance toward digital assets, this council could actually shape policy instead of just talking about it. Derivatives have always been the wild west of crypto—high leverage, complex instruments, regulatory gray zones. Getting these CEOs and regulators in the same room means someone's finally trying to draw clearer lines.

Watch this space. When CFTC starts convening councils with Polymarket at the table, the conversation's shifting from "if" to "how."