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CFTC Announces Innovation Lab for Fintechs

May 17, 2017 , The National Law Journal

Anne Termine is quoted by The National Law Journal in an article regarding the U.S. Commodity Futures Trading Commission's new initiative, LabCFTC, designed to engage innovators in the financial technology industry. “As progressive as this effort might be for the CFTC, it is not the same as a regulatory sandbox, as other regulators around the world have embraced,” says Termine. “Acting Chairman Giancarlo’s stated main agenda since assuming leadership of the agency is to clean up the morass of regulations and rules promulgated since the passage of Dodd-Frank. He believes that engaging with fintech in this fashion is one step towards accomplishing that goal. Whether it will also help those in the fintech industry avoid unnecessary regulation remains to be seen.”

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