As a new class of the CFTC’s Technology Advisory Committee (TAC) has been named, we find several prominent figures from the cryptocurrency ecosystem among the members. They will be able to advise the US regulator on the contribution of blockchain technologies to the world of finance.
The CFTC’s TAC welcomes crypto project executives
The Technology Advisory Committee (TAC), which belongs to the Commodity Futures Trading Commission (CFTC), has unveiled its new members and we find several prominent figures from the cryptocurrency ecosystem.
Among them is Emin Gün Sirer, founder and CEO of Ava Labs, who has announced that he will do his utmost to advance the ecosystem and best inform regulators:
I’m thrilled to have been appointed to the CFTC’s Technical Advisory Board. I’ll do everything I can to move the space forward, inform regulators about the latest developments in crypto, and bring the benefits of blockchains to our financial system.https://t.co/5RpC1pb8Sd
– Emin Gün Sirer (@el33th4xor) March 13, 2023
Michael Shaulov, co-founder and CEO of Fireblocks, as well as Corey Then, Circle’s Vice President of Global Policy, are also joining the TAC. Also joining the TAC are Dan Guid, co-founder of auditing firm Trail of Bits, and Adam Zarazinski, CEO of analytics firm Inca Digital.
An advisory role for the US regulator
As our markets face one of the most challenging and innovative periods in next-generation technology, I am honored that the new members of the Technology Advisory Committee have accepted this public service. [These experts can provide us with fundamental insights into technology and the complex and nuanced impacts and implications of technology on financial markets. “
While the Securities and Exchange Commission (SEC), the other financial watchdog in the US, regularly takes a stance against crypto-currencies, this move by the CFTC could, instead, give more weight to the crypto ecosystem across the Atlantic.
