On December 17, the Commodity Futures Trading Commission’s innovation office, LabCFTC, released a Digital Assets Primer, which provides the public with updated information about emerging concepts in digital assets. The Digital Assets Primer is intended to build on LabCFTC’s 2017 Primer on Virtual Currencies, which focused on virtual currencies, such as bitcoin. Topics covered by
LabCFTC
LabCFTC Opens Registration for September 24 Empower Innovation 2020 Event
On August 20, the Commodity Futures Trading Commission opened registration and released the agenda for LabCFTC’s first Empower Innovation 2020 session, “The Power of Innovation: Where Tech & Crisis Collide.” Empower Innovation 2020 is a three-part virtual series hosted by LabCFTC to facilitate a dialogue on fintech innovation among innovators, regulators, market participants and the…
CFTC Announces “Project Streetlamp” Competition
The Commodity Futures Trading Commission (CFTC) announced a competition, called “Project Streetlamp,” which challenges participants to use artificial intelligence or other tools to identify unregistered foreign entities potentially engaging in illegal activity subject to the CFTC’s jurisdiction and automatically add such entities to the CFTC’s Registration Deficient (RED) List. The competition is ongoing and is…
CFTC Postpones Agriculture Conference and Relocates the March 31 Open Meeting to Washington
On March 11, the Commodity Futures Trading Commission (CFTC) announced changes to previously scheduled public events due to the impact of the coronavirus.
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CFTC Issues Request for Input on Crypto-Assets
As part of its LabCFTC initiative, the Commodity Futures Trading Commission issued a Request for Input (RFI) to deepen the CFTC’s understanding of the technology, mechanics, and markets for Ether and its use on the Ethereum Network. In particular, the RFI seeks to understand similarities and distinctions between Ether and Bitcoin (as well as other…
CFTC’s LabCFTC Releases Primer on Smart Contracts
On November 27, the Commodity Futures Trading Commission’s LabCFTC released “A CFTC Primer on Smart Contracts” to provide information on a variety of financial technology (FinTech) topics. LabCFTC is a hub designed for the CFTC to engage with the FinTech community.
The primer defines a “smart contract” as “a set of coded computer functions” that …
CFTC Publishes Request for Input on LabCFTC Prize Competitions
On April 25, the Commodity Futures Trading Commission published in the Federal Register a Request for Input about potential prize competitions designed to further various CFTC initiatives, including LabCFTC. (For a complete discussion of LabCFTC, please refer to the May 19, 2017 edition of Corporate & Financial Weekly Digest.)
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CFTC Issues Primer on Cryptocurrencies
The Commodity Futures Trading Commission’s LabCFTC has issued a primer on cryptocurrencies and distributed ledger technology. The primer is the first in a series that is intended to provide the public with educational information on financial technology innovation.
In the primer, LabCFTC highlights various risks inherent in cryptocurrencies, including operational risks, cybersecurity risks, speculative risks …