A panel at an upcoming advisory meeting for the financial regulator will “explore issues in decentralized finance.”
It is expected that the US commodity regulator will look at the decentralized financial space at the upcoming meeting of its technical committee, where it has also invited the leaders of the crypto industry to attend.
The Commodities Futures Trading Commission (CFTC) announced on March 1 that the agenda for the March 22 meeting of its Technical Advisory Committee will include a panel on “Exploring Issues in Decentralized Finance.”
Other panels will examine the development of artificial intelligence (AI) and potential risks arising from AI as well as cybersecurity threats to financial markets. CFTC Commissioner Christy Goldsmith Romero said in a statement that the panel had the opportunity to “look beyond the mark and examine the DeFi issues presented thoughtfully and comprehensively,” adding:
“Discussions of DeFi, including cyber vulnerabilities, ‘decentralization’ initiatives, digital identities, and decentralized wallets will contribute to ongoing policy discussions in Washington, DC and beyond devices.”
The panel will include presentations that will provide insight into the DeFi ecosystem and discuss issues of decentralization, digital identity, non-custodial crypto wallets, and discrimination.
Leading crypto companies including crypto holding platform Fireblocks, security company Trail Of Bits, venture capital firm Terranet Ventures, and blockchain intelligence companies TRM Labs and Metrika are expected to present at the meeting. The agenda of the meeting will include a session that will examine a subcommittee on crypto and blockchain technology and other initiatives to help facilitate its desire to gain regulatory authority in crypto.
Last month, the CFTC’s Global Markets Advisory Committee discussed digital asset markets at its inaugural meeting. Commissioner Caroline Pham, who is in charge of the meeting on February 13, said that the crypto market is “really unlimited” and urged policymakers to “understand what is going on” in the United States legal system don’t leave the American people behind and get.
The CFTC has moved closer to the regulatory oversight of the growing crypto sector through the Securities and Exchange Commission, with CFTC officials urging Congress to provide an oversight and oversight body for crypto. CFTC Chairman Rostin Behnam also tried to explain why the regulator would have the right to access, saying that the commission is “well placed” to fix regulatory errors.
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