Distributed ledger technology on the agenda for CFTC
The US Commodity Futures Trading Commission has announced that the Technology Advisory Committee will hold a public meeting to discuss automated and modern trading markets, distributed ledger technology, market infrastructure, virtual currencies and cyber security on 16 July 2020.
The meeting will take place via teleconference where the public can dial in and make submissions beforehand. The time difference may make it challenging for Australian's to attend unless they wish to dial in at midnight AEST.
The Technology Advisory Committee previously held a meeting to address issues on audit trail requirements, stablecoins, crypto insurance, custody and digital asset self-regulating organisations in February 2020. It also included presentations by MakerDAO, JP Morgan and Paxos in relation to their stablecoins. You can access the recording of the meeting and presentations here.
The outcome of this public meeting will be very interesting both for presentations and commentary from the CFTC.
Given various banking institutions including the Bank of England and governments have been considering stablecoins and central bank digital currencies in a post-pandemic environment both to manage the spread of COVID-19 and in providing stimulus for the economy, it will only be a matter of time before more institutions and governments start to harness up the potential of distributed ledger technology.