Testing blockchain is needed because we are behind

2018-7-26 06:01

Chairman of the U.S. Commodity Futures Trading Commission (CFTC) Christopher Giancarlo outlined his agency’s interest in blockchain technology during a Congressional hearing Wednesday, July 25.
The chairman emphasized the need for the appropriate procedures that would enable the CFTC to examine innovative blockchain tech for potential future use cases.
The hearing, titled “Examining the Upcoming Agenda for the CFTC,” was convened by the House Committee on Agriculture.
The chairman further explained why he thinks it is so important for the CFTC to establish new legal procedures: “We’re falling behind.
And they’ve had the last four years (…) to participate in all these blockchain beta tests that we’ve not been able to participate in.

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