a16z Supports the Listing of Computing Power Derivatives in the U.S., Claims Existing Regulatory Framework is Sufficient

a16z has submitted a public comment letter to the U.S. Commodity Futures Trading Commission (CFTC) supporting the establishment of a regulated computing power derivatives market in the United States. These derivatives will help AI startups and cloud service providers hedge against risks related to computing power prices, utilization, and duration, while also lowering the financing costs for AI infrastructure. a16z stated that the CFTC does not need new statutory authority, as the Commodity Exchange Act (CEA), core principles of Part 38, and the self-certification process of Part 40 are sufficient, and no new rules are needed prior to listing. The letter suggests that the CFTC leverage the existing regulatory framework to support the adoption of computing power price benchmarks that comply with the principles of the International Organization of Securities Commissions (IOSCO), and allow exchanges to launch cash-settled computing power futures, including both fixed-term futures and perpetual contracts. a16z crypto is an investor in Ornn, and ICE announced in May plans to launch GPU computing power futures based on the Ornn Computing Power Price Index (OCPI).

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