CFTC TAC Hears Presentations On Crypto Regulation, Virtual Currencies And DLT

At a meeting of the CFTC Technology Advisory Committee ("TAC"), members heard presentations from subcommittees on crypto regulation, virtual currencies and distributed ledger technology ("DLT") adoption.

The TAC was established to "advise the Commission on the impact and implications of technological innovations on financial services and the futures markets, and the appropriate legislative and regulatory response to increasing use of technology in the markets." Commissioner Brian Quintenz sponsors the TAC on a rotating basis. Members include representatives of futures exchanges, self-regulatory organizations, financial intermediaries, market participants and traders.

In his opening statement, CFTC Commissioner Brian Quintenz provided highlights of the subcommittees' work.