CFTC Tech Committee To Hold Teleconference Meeting Covering Cryptocurrency

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  • The US Commodity Futures Trading Commission (CFTC) Technology Advisory Committee (TAC) announced in a press release that it is going to organize a public meeting on July 16, 2020.
  • However, the objective of this meeting is to discuss various matters including the automated and modern trading market.
  • A member of the public meeting could listen to the meeting through a domestic or international toll-free number.

Recently, The US Commodity Futures Trading Commission (CFTC) Technology Advisory Committee (TAC) announced in a press release that it is going to organize a public meeting on July 16, 2020. This public meeting will be organized via teleconference concerning the social distancing factor due to the COVID-19 pandemic.

Discussion on virtual currency and cybersecurity

However, the objective of this CFTC meeting is to discuss various matters including the automated and modern trading market. It also includes market infrastructure, virtual currency, and cybersecurity, along with distributed ledger technology. The meeting is scheduled for four hours from 10:00 a.m to 2:00 p.m. EDT.

Previously, the CFTC TAC held a meeting in February 2020 to indicate issues related to crypto-insurance, stablecoins, necessities of audit trail, and also custody and digital asset self-regulating organizations. This meeting included the presentations by Paxon, JP Morgan, and MakerDAO related to their stablecoins.

CFTC Invited Public Suggestions

Members of the public meeting could listen to the meeting through a domestic or international toll-free number. However, the number is available in the official press release of CFTC. Along with this, the members participating in the public meeting can submit their comments by July 23, 2020.

Further, CFTC indicated that any information pertaining to this meeting will be available to the public and also will be published on the official website of CFTC.

On July 8, 2020, the US CFTC has finalized a four-year strategic plan keeping crypto regulation in priority in the US.  Aiming to develop a complete structure to encourage innovation in the field of digital assets.

The US CFTC organization monitors the derivatives markets’ regulation and administration along with fraud and market management within commodity trading.

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