The U.S. Commodity Futures Trading Commission (CFTC) has invited multiple industry experts to join and is considering establishing a new digital assets and blockchain technology working group.
The Technology Advisory Committee (TAC) under the U.S. Commodity Futures Trading Commission (CFTC) has invited industry experts to join and will hold its inaugural meeting on March 22, which will be live-streamed for public participation. During the meeting, the committee will hear from technology experts on various topics including decentralized finance, cyber resilience, and responsible artificial intelligence. TAC also plans to consider the creation of a new subcommittee specifically focused on digital assets and blockchain technology at the upcoming TAC meeting.
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Expert Panel
Chair: Carole House—Senior at Terranet Ventures Inc., recently served as Director of Cybersecurity and Emerging Technologies at the White House National Security Council, playing a key role in President Biden's executive order on Ensuring Responsible Development of Digital Assets.
Vice Chair: Ari Redbord—Head of Legal and Government Affairs at TRM, TRM Labs is a blockchain intelligence company that detects and investigates digital asset fraud and financial crimes.
Michael Greenwald—Global Head of Digital Assets and Financial Innovation at Amazon Web Services
Francesca Rossi—IBM Fellow and Global AI Ethics Leader
Sunil Cutinho—Chief Information Officer at CME Group
Corey Then—Global Vice President of Policy at Circle
Michael Shaulov—Co-founder and CEO of Fireblocks
There are over twenty experts in the fields of law, finance, and even ESG.
Convener Goldsmith Romero stated:
Our market is facing the most challenging and innovative era of next-generation technology. To protect our market from increasingly sophisticated cyber-attacks, ensure the responsible development of digital assets in a customer-centric manner, and ensure a full understanding of the impact of emerging technologies such as artificial intelligence, the committee requires the advice of technical experts to provide us with the foundational knowledge of technology and the complex and nuanced effects it has on the financial markets.
TAC is considering updating the Cybersecurity Subcommittee through consolidation and expansion, and may also create a new Digital Assets and Blockchain Technology Subcommittee.
CFTC Chairman Rostin Behnam has repeatedly called for legislation on cryptocurrencies to protect investors through regulation. Understanding the relevant technological knowledge and applications is indeed a top priority alongside regulation!