The US Commodities Future Trade Commission (CFTC) has formed a new Technology Advisory Committee (TAC) and appointed several notable members from the crypto and blockchain industry.
Today @CFTCcgr announced the membership of the newly constituted Technology Advisory Committee, its Chair, and Vice Chair. Learn more: https://t.co/9sYxiLiiJE
— CFTC (@CFTC) March 13, 2023
The CFTC published the list of TAC members on March 13, 2023, with Commissioner Christy Goldsmith Romero serving as the committee’s sponsor. Notable members from the blockchain and crypto space include Circle’s Corey Then, Ava Labs’ Emin Gün Sirer, Trail of Bit’s Dan Guido, Inca Digital’s Adam Zarazinski, and FireBlocks’ Michael Shaulov.
I’m thrilled to have been appointed to the CFTC’s Technical Advisory Board. I’ll do everything I can to move the space forward, inform regulators about the latest developments in crypto, and bring the benefits of blockchains to our financial system.https://t.co/5RpC1pb8Sd
— Emin Gün Sirer🔺 (@el33th4xor) March 13, 2023
The committee’s new chair is former White House official Carole House, and Ari Redboard of TRM Laboratories is the vice chair. Chair Carole House recently worked for the White House National Security Council as the Director for Cybersecurity and Secure Digital Innovation. She played a crucial role in creating President Biden’s Executive Order on Ensuring Responsible Development of Digital Assets, among other things.
Vice Chair Ari Redbord previously worked as the Senior Advisor to the Treasury Deputy Secretary and the Undersecretary for Terrorism and Financial Intelligence. He is currently the Head of Legal and Government Affairs at TRM Labs, a blockchain intelligence company that detects and looks into financial crimes and digital asset fraud.
Other committee members include executives from CME Group, Amazon, IBM, Paradigm, CBOE Digital, Brake, and Better Markets, as well as professors from Cornell, Michigan, and Washington College of Law.
The Technology Advisory Committee (TAC) was created to help the Commission recognize and comprehend the effects and ramifications of technology innovation in financial services and markets.
The TAC would also assist the Commission in its mandate to protect the integrity of the derivatives and commodities markets and the accomplishment of other goals of public interest. The committee’s inaugural meeting is set to take place on March 22, 2023.
The CFTC’s cooperative stance seems to sharply contrast with that of other US agencies, such as the Securities and Exchange Commission, which has allegedly acted coldly toward cryptocurrency startups behind closed doors.
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