CFTC adds LedgerX CEO Paul L. Chou to their Technology Advisory Committeebr>
The US Commodity Futures Trading Commission (CFTC) announced the appointment of Paul L. Chou, co-founder and CEO of the Bitcoin institutional trading and clearing platform, LedgerX, to its Technology Advisory Committee (TAC).
The TAC was created in 1999 to advise the Commission on the impact and implications of technological innovations in financial services and the futures markets. Furthermore, the Committee is responsible for the appropriate legislative and regulatory response to increasing use of technology in the markets.
“I am fortunate to have the opportunity to serve on the CFTC’s Technology Advisory Committee. The CFTC has taken the lead with this emerging asset class to develop a regulatory framework for Bitcoin derivatives. The inclusion of blockchain as a topic for the upcoming TAC meeting is a positive development for the ecosystem,” said Paul L. Chou.
The US Commodity Futures Trading Commission is an independent agency of the US government created in 1975, that regulates futures and option markets.