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Comment for Orders and Other Announcements 83 FR 4643

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  • From: William M Cunningham
    Organization(s):
     Creative Investment Research

    Comment No: 61497
    Date: 2/5/2018

    Comment Text:

    Commodity Futures Trading Commission
    Three Lafayette Centre
    1155 21st Street, NW
    Washington, DC 20581

    Attention: Office of the Secretary
    Re: Written statement in connection with the 2/14/18 TAC meeting

    Dear Sir/Madam,

    We understand that the "Commodity Futures Trading Commission’s (CFTC) Technology Advisory Committee (TAC) will discuss: (1) the scope, plan, and approach for the Committee’s efforts in 2018; (2) explore timely topics and issues involving financial technology in CFTC regulated markets, potentially including blockchain/DLT, data standardization and analytics, algorithmic trading, virtual currencies, cybersecurity, and RegTech; and (3) identify work streams and/or subcommittee groups that can help generate actionable recommendations to the Commission on select issues."

    We note the following:

    On Oct. 5, 2006, we stated that: "Capital market regulators in other regions of the world will, at some point, enhance their ability to access capital using internet-based tools. Thus, competitive advantage with respect to capital access is available to any country with significant economic potential and a modest communications infrastructure."
    We refer the Commission to the following and incorporate this document by reference: https://www.sec.gov/comments/4-526/4526-1.pdf

    We also note that "Creative Investment Research launched a survey to collect opinions on the most appropriate applications for blockchain technology."
    We refer the Commission to the following and incorporate this document by reference: https://www.prlog.org/12687690-blockchain-survey-issued-on-surveymonkey.html

    Also see: SEC takes jab at startups while leaving the big banks alone https://www.americanbanker.com/opinion/sec-takes-jab-at-startups-while-leaving-the-big-banks-alone

    Understanding What an ICO Is And Why Government Wants to Regulate It. https://coinidol.com/understanding-what-ico-is/

    Thank you.