The regulator which could soon be responsible for more of the US’s crypto oversight is beefing up its technology team, the agency’s chief said on Monday. The Commodities and Futures Trading Commission (CFTC), which stands to gain greater authority over digital assets under the proposals of a bipartisan congressional bill, is setting up a new Office of Technology Innovation. “We are past the incubator stage, and digital assets and decentralized technologies have outgrown their sandboxes,” said CFTC chief Rostin Behnam of the decision, while speaking at a Brookings Institution event yesterday. The new office will replace the CFTC’s existing fintech team, called the LabCFTC, a project which was the brainchild of Behnam’s predecessor Christopher J. Giancarlo. The former CFTC Chairman is also a blockchain advocate who has embraced the nickname “Crypto Dad.”
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