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ARTICLE · 09 JANUARY 2018

CFTC Releases Chairman Statement And Backgrounder On Virtual Currencies

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The Commodity Futures Trading Commission (CFTC or Commission) Chairman J. Christopher Giancarlo issued a statement this week on virtual currencies.

United StatesTechnology
Michael Mavrides
Michael Mavrides
Divya Taneja
Divya Taneja
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The Commodity Futures Trading Commission (CFTC or Commission) Chairman J. Christopher Giancarlo issued a statement this week on virtual currencies. The CFTC also released a backgrounder on its oversight of and approach to cryptocurrency futures markets.

In his statement, Chairman Giancarlo noted that the Market Risk Advisory Committee will meet on January 31, 2018 to consider the process of self-certification of new products and operational rules by Designated Contract Markets (DCMs) under the Commodity Exchange Act (CEA) and the rules and regulations thereunder. The meeting will take place the week after a January 23, 2018 meeting of the CFTC Technology Advisory Committee, which will consider the related challenges, opportunities and market developments of virtual currencies.

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