Smart contract coders could be held liable for providing predictive "event contracts" on a blockchain, a CFTC commissioner has said.
CFTC Commissioner Brian Quintenz has expressed approval over a virtual commodities SRO proposed by Gemini founders Tyler and Cameron Winklevoss.
CFTC commissioner Brian Quintenz reiterated his position on Wednesday that the crypto industry should establish a self-regulatory organization.
The CFTC's Technology Advisory Committee created two subcommittees devoted to cryptocurrencies and blockchain in its meeting today.
The CFTC is still working on rules to define when a digital commodity like bitcoin has been "delivered," an official has said.