CFTC Forms Technical Advisory Committee with Blockchain and White House Experts

03/14/2023 23:05 • Blockchain Briefs • 84 views

It is reported that the Commodity Futures Trading Commission (CFTC) announced that Carole House, a former White House official, was the new chairman, and Ari Redboard of TRM Labs, a blockchain analysis company, was the vice chairman of its technical advisory committee. The CFTC released a list of members to the committee on Monday, announcing that the committee has been newly established and sponsored by Christy Goldsmith Romero, a member who took office last March. The Technical Advisory Committee was previously sponsored by Brian Quintenz, a former CFTC commissioner, who is now the policy director of Andreessen Horowitz, a venture capital firm.

CFTC appointed executives from Circle, TRM, Fireblocks and other companies to join the new technology advisory group

Analysis based on this information:

The Commodity Futures Trading Commission (CFTC) has announced the formation of a new Technical Advisory Committee, composed of industry experts and professionals. The committee will advise the CFTC on various issues pertaining to emerging technologies and the derivatives market. Among the newly appointed members is Carole House, a former White House official, who will serve as the committee’s chairman, and Ari Redboard, a blockchain specialist from TRM Labs, who will be the vice chairman of the committee.

The formation of this committee reflects the CFTC’s continued efforts to keep up with emerging technologies and their impacts on the financial system. As the cryptocurrency and blockchain industries continue to grow, the regulatory body is striving to stay ahead of the curve and ensure that the market remains fair and transparent for all participants.

Carole House’s appointment as the chairman of the committee is significant, as it highlights the advisory board’s focus on policy and government affairs. Her experience in the White House will be instrumental in guiding the CFTC on issues related to government policies and regulations. Meanwhile, Ari Redboard’s expertise in blockchain analysis will bring a new perspective to the committee’s discussions, particularly in areas relating to distributed ledger technology and its potential applications in the derivatives market.

The formation of the new Technical Advisory Committee marks a significant shift since the previous one was sponsored by Brian Quintenz, a former CFTC commissioner, who is now the policy director of Andreessen Horowitz, a venture capital firm. This new committee will work closely with the regulatory body, providing input on various technical and regulatory issues.

In conclusion, the formation of the new Technical Advisory Committee by the CFTC shows that the regulatory body is committed to keeping up with emerging technologies and their potential impact on the derivatives market. The inclusion of blockchain and White House experts highlights the committee’s focus on issues related to policy, government affairs, and distributed ledger technology. Other members of the committee, who have not been disclosed yet, will provide additional perspectives on different technical and regulatory matters.

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