On Friday, August 2, 2019, the U.S. Commodity Futures Trading Commission (CFTC) announced that their first-ever Chief Innovation Officer (CIO) and Director of LabCFTC, Daniel Gorfine will be leaving his position to pursue his goals within the private sector.
Gorfine who started his journey with the commission in 2017, was the one to have developed and led LabCFTC, which was described as an endeavor that required, “facilitating market-enhancing innovation, informing policy and ensuring that the CFTC has the regulatory and technological tools,” in keeping up with the ever so evolving the 21st century.
CFTC’s Chairman Health, P. Tarbert is saddened by the news, adding that,
“[Daniel] is a thought leader in the federal government on financial technology issues.”
Furthermore, it seems like P. Tarbert will be the one taking over, as he reported that he is:
“Fully committed to building on the firm foundation Dan has built to further elevate, advance and modernize how we think about applying a sound, principles-based approach to promising new technologies.”
Commissioner Brian Quintenz highlighted many of Gorfine’s strong suits, adding that,
“[Daniel’s] capacity as the Chief Innovation Officer for the Commission and Director of LabCFTC […] has positioned the CFTC at the forefront of the intersection between technological innovation and financial regulation.”
Gorfine has since expressed gratitude in having been able to work along with the likes of Chairman Tarbert, former Chairman Giancarlo and everyone else, adding that he is,
“proud of the work we have done, inspired by innovators we have met.”