CFTC to Discuss Blockchain Tech During Public Hearing

The CFTC will discuss the application of blockchain technology in derivatives markets during a meeting later this month.

AccessTimeIconJan 8, 2016 at 9:37 p.m. UTC
Updated Mar 6, 2023 at 3:01 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

UPDATE 2 (9th February 16:20 BST): The CFTC has announced that its Technology Advisory Committee will meet on 23rd February to discuss blockchain technology.


The US Commodity Futures Trading Commission (CFTC) will discuss the application of blockchain technology in derivatives markets during a meeting of its Technology Advisory Committee later this month.

According to a notice published today, the hearing will take place on 26th January at the agency’s Washington, DC headquarters. The meeting is open to the public.

The notice states:

"The TAC will discuss: (1) the Commission's proposed Regulation Automated Trading ("Reg AT"); (2) swap data standardization and harmonization; and (3) blockchain and the potential application of distributed ledger technology to the derivatives market."

The agency said that it any written statements submitted to the committee will be published later on the CFTC website.

The hearing comes months after the CFTC declared its intent to regulate bitcoin and other digital currencies as commodities.

That decision was tied to an enforcement action against a bitcoin options trading platform. The agency settled charges later that month with bitcoin swap execution facility TeraExchange over alleged violations of the Commodity Exchange Act.

Image via Wikimediahttps://upload.wikimedia.org/wikipedia/commons/thumb/a/a9/US-CFTC-Seal.svg/2000px-US-CFTC-Seal.svg.png

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.