CFTC Chairman: “I Want to See the US Lead in Blockchain Technology”

Heath Tarbert, chairman of the Commodity Futures Trading Commission (CFTC), at the LA Blockchain Summit said he has dedicated time to learning about blockchain technology because he wants to do right by the people who are building these systems. He has also made it a point to recruit people at the CFTC with tech experience and has even tapped some folks from the crypto space for his office.

Tarbert said: “Really where I stand is I want to see the United States lead in blockchain technology. For me, it’s not necessarily something that the government needs to be involved with directly. But there could be benefits to that as well. But I really want to see the US continue to support innovation in this space. Because I do see other countries coming in and starting to potentially take the lead.”

Chairman Tarbert wants to see the United States be out front on the technology for the future of the global financial system. He would like to see the U.S. dollar remain as the world’s reserve currency. But he believes that US payment mechanisms have not kept pace with technology and something must be done, whether the US moves toward a CBDC or just a more sophisticated payments system.

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