The US commodities regulator is tapping into execs from Circle, Ava Labs, TRM Labs, and Fireblocks to better understand digital assets' place in financial markets.
Outside of crypto, executives from major companies such as IBM, Amazon, the CME Group and Cboe Global Markets have also been included in the TAC. While there is also a strong showing of professors from university law schools such as Cornell and the University of Michigan.
As part of the announcement, Goldsmith Romero emphasized the importance of working with members from private tech and other organizations to regulate and protect the commodities/futures market: “To protect our markets from increasingly-sophisticated cyber attacks, to ensure responsible development of digital assets in a way that protects customers, and to ensure that the implications of emerging technologies like artificial intelligence are well understood, the Commission requires advice from technology experts.”
“These experts can provide us foundational knowledge about the technology, as well as the complex and nuanced impacts and implications of technology on financial markets,” she added.The collaborative approach from the CFTC appears to be in stark contrast to that of the other U.S. agencies such as the Securities and Exchange Commission , which has reportedly acted frostily towards crypto firms behind closed doors.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CFTC Names Executives From Circle, TRM, Fireblocks Among Others to New Tech Advisory GroupThe CFTC stacked its Technology Advisory Committee with a host of crypto executives and academic experts. nikhileshde reports
Read more »
New research facility at Lou Gehrig’s birthplace to be named Iron Horse LabsElevate Research Properties, a subsidiary of Taconic Partners, plans to name a cutting-edge research facility it’s building at the site Iron Horse Labs — a tribute to Lou Gehrig.
Read more »
US was double billed tens of millions of dollars in grants to Wuhan labs: reportThe US government may have paid twice for grants it doled out to fund research at labs in Wuhan, China, according to a newly launched federal probe that found tens of millions of dollars in potenti…
Read more »
Circle scrambles to contain SVB fallout as USDC loses pegCircle's usd coin (USDC), the second-largest stablecoin in the world, fell below its $1 peg, as markets grappled with the fallout from Silicon Valley Bank's failure.
Read more »
Is Circle's USDC Stablecoin Crisis a Blessing in Disguise for Bitcoin?The recent crisis surrounding Circle's USD Coin (USDC) stablecoin may have inadvertently boosted Bitcoin, as people are turning to it to achieve a synthetic USD due to the collapse of USDC
Read more »
Circle’s exposure to US banks could top $9BCircle's January report was reviewed and certified by Deloitte, with roughly 20% of its reserves held in cash by US-regulated financial institutions.
Read more »