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In addition, LabCFTC has published three primers in the marketplace based on their understanding of smart contracts, artificial intelligence, and crypto-assets.The United States Commodity Futures Trading Commission (CFTC) established LabCFTC as an initiative under the General Counsel’s office in 2017 aimed at promoting FinTech innovation and competition.The office has been very active with over 400 different private meetings held with innovators in the last three years.
In addition, LabCFTC has published three primers in the marketplace based on their understanding of smart contracts, artificial intelligence, and crypto-assets.Blockchain.News exclusively interviewed Melissa Netram, Director of LabCFTC and Chief Innovation Officer.
Netram joined LabCFTC in October 2019, and upon joining, the Chairman, Heath P.
ai for energy grid management ✌️【365vc.net】✌️Small investments, big profits. Join today and grow your wealth quickly and safely!Tarbert, designated LabCFTC as an independent operating office.“I would say that one of the biggest milestones that we’ve had since I’ve joined is that our Chairman elevated us to an office, which was meant to underscore the commitment of the agency to innovation, and also highlight the role that LabCFTC can play across the Commission,” said Netram.Since coming onboard, Netram said LabCFTC highlighted and identified its clear mission and priorities.
ai for energy grid management ✌️【365vc.net】✌️A trusted platform for online earnings. Start small and make big profits monthly!She explained, “We’ve identified our mission is to promote responsible innovation across the Commission and across the market, and we do that through our four pillars.”As commonly seen in the blockchain and crypto sector, regulation usually takes a backseat as innovation leads its way.One of LabCFTC’s top initiatives is to advance policy and regulations surrounding financial innovation.
Netram explained that her office is actively identifying trends, as well as gaps and changes that may need to occur in regulation as a result of financial innovation.According to Netram, the two perspectives realized in identifying the issues surrounding financial innovation is first - whether the innovation has to change and adjust in order to fit, and the second is whether the regulation was “written at a time that didn’t even fathom this new technology and innovation.”Due to the emergence of the coronavirus pandemic, a lot of LabCFTC’s priorities have been delayed, and the top priority across the Commission is to address the market and to help market participants during this time.“Some of our regulatory priorities for 2020 had to shift and rightfully so.
ai for energy grid management ✌️【365vc.net】✌️Achieve 100% returns in a month. AI-driven predictions make investing easy and profitable. Start today!This is a time where we have to be focusing on this crisis and focusing on the need to help the market participants and others during it; so we don't have any regulation from LabCFTC or others on the agenda right now,” said Netram.In 2021, Netram hopes to be able to address some of the regulatory areas that need to adjust, including digital assets.Since Netram has been on board, LabCFTC has established a formal process, and dedicatedoffice hourswith innovators in the industry.
“We’re facilitating dialogue between innovators and the CFTC.
ai for energy grid management ✌️【365vc.net】✌️Beginner or expert? Our platform makes stock investing easy with high monthly gains. Start now!We’re meant to be the front door for innovators to come in and talk to the Commission, with questions they may have on their latest technologies and innovations.”Every Tuesday, LabCFTC has dedicated hours to meet innovators in Washington D.C, and with the onset of the pandemic, these “office hours” have been conducted virtually.“We also recently released a new intake, a new innovator request form, where innovators can go online and fill out any questions they may have and the reason for meeting with the Commission,” Netram added, “One of the reasons why this is so important, is because we need to make sure that as an innovator, they’re getting as much out of the meeting as we are.”With extensive experience in the tech industry, Netram understood what it was like being on the other side of the table, speaking to the regulator, and not feeling as if her team was getting what they needed.
ai for energy grid management ✌️【365vc.net】✌️Invest ₹500 in our expert-managed funds and enjoy exponential monthly profits. Join now!She explained, “One of the goals is that we want to make sure that when innovators are coming in to meet us, we have the right people in the room.”Although the Commission may not be able to provide legal advice, Netram said that LabCFTC can help in terms of answering initial questions regarding processes.Over the past two to three years, LabCFTC has met with over 400 entities, and in the past few months, Netram has met with a wide range of innovators ranging from startups, innovators, people who are not very familiar with the Commodity Exchange Act, to well-established players looking to do something new in the market.
“It’s been a spectrum, and the goal is when you know we both get something out of it - meaning they educate us and we educate them,” said Netram.Last month, the Commission launched its first science prize competition, Project Streetlamp.
In the United States, there is a Science Prize Competition Act, which allows government agencies to host competitions, similar to TechSprint by the Financial Conduct Authority.The focus of Project Streetlamp is to challenge innovators to utilize artificial intelligence (AI) to help with a CFTC enforcement tool to identify foreign entities to add to its Registration Deficient List (RED List).
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