CFTC Tech Advisory Committee To Talk Cryptocurrency & Blockchain
It has been revealed that matters around blockchain and crypto will dominate the first Commodity Futures Trading Commission's (CFTC) Technology Advisory Committee meeting this Wednesday. It will have two panels, split to elaborate the two topics – Blockchain and Crypto respectively.
Through the meeting’s official agenda released on Monday afternoon, the conference will focus on blockchain technology and its application in the derivatives markets. Also, the program proposes how the two panels will review any potential uses of cryptocurrencies in the futures markets.
CFTC First Meeting Covers Blockchain Technology
The first panel’s meeting whose main topic will be Blockchain will be headed by Jennifer Peve, Depository Trust and Clearing Corporation (DTCC)’s executive director in charge of business development and Fintech strategy. She will be assisted by Charley Cooper of the startup, R3 and Dan Busca of the CFTC. Mr. Cooper, who is the distributed ledger startup ’s managing director and Mr. Busca both have a more profound knowledge of this disruptive technology.
As the agenda elaborated in depth, the panel will primarily dwell on how this technology will potentially impact the infrastructure and regulatory reporting of the capital markets. Use of the blockchain technology is in its infancy, and there’s no doubt the meeting will mean good to the industry.
CFTC Second Meeting Tackles Cryptocurrency Markets
After the 45-minute session, the cryptocurrency markets and regulation panel will then take over. It will primarily feature Jerry Brito, the executive director of Coin Center, Gary DeWaal of the Katten Muchin Rosenman LLP, Richard Gorelick, the CEO of RGM – a trading company and Amir Zaidi of DMO.
The 4-member panel will explain all-thing cryptocurrencies, including those that are driving the world crazy, as well as the futures products which relate to cryptocurrencies. The meeting will also review changes currently taking place in the industry and the regulations that have been formulated to keep the cryptocurrency world in check.
The meeting arrives at a time when matters around the renewed regulatory discussion on KYC compliance and the value of significant cryptocurrencies are creating shock-waves in the industry. The chair of CFTC J. Christopher Giancarlo was summoned to testify before the U.S. Senate Subcommittee on Banking, Housing and Urban Affairs and explain how regulation would impact the future of cryptocurrency markets. And since he will attend the meeting alongside Brian Quintenz and Rostin Behnam and give some opening remarks, the conference is worth looking forward to.