US Trading Commission's Tech Advisory Panel to Explore Decentralized Finance and Gain Regulatory Oversight of Cryptocurrencies

53
1
US Trading Commission's Tech Advisory Panel to Explore Decentralized Finance and Gain Regulatory Oversight of Cryptocurrencies

The US Commodity Futures Trading Commission's Tech Advisory Panel is set to delve into decentralized finance and its implications as the agency aims to establish regulatory jurisdiction over cryptocurrencies. The panel's discussions will revolve around decentralization, digital identity, and unhosted wallets, and will contribute to policy conversations in Washington, D.C. and beyond. Executives from prominent crypto companies are expected to present during the review, with the aim of assisting the CFTC in obtaining regulatory control over the crypto industry. This move highlights the agency's efforts to address the risks associated with the current crypto environment and develop effective risk management controls.