CFTC’s New Tech Advisory Group Includes Execs From Circle, Paradigm

CFTC’s New Tech Advisory Group Includes Execs From Circle, Paradigm

Business
November 16, 2022 by Admin
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How will the involvement of Circle and Paradigm executives in the CFTC’s Tech Advisory Group benefit the crypto industry? CFTC’s New Tech Advisory Group Includes Execs From Circle, Paradigm The U.S. Commodity Futures and Trading Commission (CFTC) announced on Tuesday, February 16th that it had formed a new Technology Advisory Committee (TAC). The committee includes
730 cftcs new tech advisory group includes execs from circle paradigm

How will the involvement of Circle and Paradigm executives in the CFTC’s Tech Advisory Group benefit the crypto industry?

CFTC’s New Tech Advisory Group Includes Execs From Circle, Paradigm

The U.S. Commodity Futures and Trading Commission (CFTC) announced on Tuesday, February 16th that it had formed a new Technology Advisory Committee (TAC). The committee includes executives from blockchain-based payment processor Circle and top digital asset trading firm Paradigm.

The TAC was established to provide the CFTC with access to expertise on how technological advancements and data-driven products relate to the agency’s various activities. Representatives from a combination of big tech firms, cryptocurrency-focused companies, and tech-driven investment firms will help the CFTC better understand the development of emerging financial technology, innovations in FinTech, and the use of data.

Circle’s Chief Legal Officer, Martin Ranje, and Paradigm’s CEO, David Namdar, were both selected to be a part of this new tech advisory group. Mrs. Ranje is thrilled about the opportunity to collaborate with the Commission and to use her experience to help financial markets succeed.

The CFTC has been at the forefront of digital asset regulation over the past several years, and this new tech advisory group demonstrates the agency’s commitment to understanding the implications of developments in FinTech. The CFTC will continue to work with industry experts, including Circle and Paradigm, to better understand the innovative technologies that are transforming the financial services sector.

The CFTC will also hold five in-person meetings during the year to discuss technology-driven market trends, the application of market data, developments in new financial technology, and other emerging topics relating to the Commission’s activities. The first meeting is scheduled for April 15th and will include the members of the new technology advisory group.