CFTC Commissioner Cautions Global Regulators against Impeding Blockchain Technology Innovation

CFTC Commissioner J. Christopher Giancarlo cautioned global regulators against impeding innovation of blockchain technology. In an interview with Energy Metro Desk Editor-in-Chief John Sodergreen, the CFTC Commissioner reaffirmed remarks delivered at the Energy Metro Desk annual conference.

Mr. Sodergreen reported that Commissioner Giancarlo maintained a “decidedly not-so-grim . . . outlook” and expressed his enthusiasm for the potential of blockchain technology:

[T]he great promise of blockchain technology is in its ability to help market participants manage the enormous operational, transactional and capital complexity brought about by the legion of disparate mandates, regulations and capital requirements promulgated in the wake of the 2008 financial crisis.

Mr. Sodergreen reports that Commissioner Giancarlo stated that global regulators must be cautious not to impede blockchain innovation with “protracted regulatory uncertainty or an uncoordinated regulatory approach,” and instead should establish uniform principles.

Click here to view the article in the latest issue of Energy Metro Desk, which is published biweekly by Scudder Publishing Group, an energy trade news publishing company based in the Washington, D.C. metropolitan area.