Giancarlo to regulators: give blockchain innovators space

CFTC commissioner says they must avoid impeding innovation and investment, and provide a straightforward legal environment

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Giancarlo: "The technology is moving rapidly, certainly faster than underlying legal and regulatory frameworks"

US regulators must give innovators space to develop and improve distributed ledger technology (DLT), and work with their foreign counterparts towards a harmonised legal and regulatory response, so as not to "stifle" blockchain's potential, said Christopher Giancarlo, a commissioner at the US Commodity Futures Trading commission (CFTC).

"The technology is moving rapidly, certainly faster than underlying legal and regulatory frameworks," Giancarlo said during a special address at the Depository Tr

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