Release Number 8670-23
Commissioner Goldsmith Romero Announces Technology Advisory Committee Meeting Agenda That Includes Cybersecurity, Decentralized Finance, and Artificial Intelligence
March 01, 2023
Washington, D.C. — Commissioner Christy Goldsmith Romero, sponsor of the CFTC’s Technology Advisory Committee (TAC), today released the agenda for the inaugural meeting of the committee. The committee will meet March 22, 2023 from 12:00 p.m. to 4:30 p.m. (EDT) at the Commodity Futures Trading Commission’s (CFTC) Washington, D.C. headquarters. The public will be able to watch the live meeting via webcast on cftc.gov.
“The Technology Advisory Committee is poised to take on the most challenging issues at the intersection of technology, law, policy, and finance,” said Commissioner Goldsmith Romero. “That’s why it is important to hear from experts fluent in the issues and deeply experienced in markets and technologies.”
The ION Markets Attack and Beyond
The TAC will discuss cybersecurity and the cyber threat landscape for financial markets:
“With the severe cybersecurity attack that recently impacted derivatives markets, and the continuing cyber threat to other parts of the U.S. economy, the Commission will greatly benefit from the insights of senior cybersecurity officials at the Treasury Department and the National Institute of Standards and Technology,” said Commissioner Goldsmith Romero. “These leaders will present to the committee on the lessons learned in recent attacks and outline pillars of sound cybersecurity frameworks.”
Exploring Issues in Decentralized Finance
Another TAC panel will discuss complex issues in decentralized finance, or DeFi:
“A discussion about DeFi, including cyber vulnerabilities, indicators of ‘decentralization,’ digital identity and unhosted wallets, will contribute to ongoing policy discussions in Washington, D.C. and beyond the beltway,” said Commissioner Goldsmith Romero. “The committee has an opportunity to look past labels and examine the issues presented by DeFi thoughtfully and holistically.”
Responsible Artificial Intelligence
The final panel will examine responsible artificial intelligence (AI) and the emerging threat of AI-enabled cyber attacks.
“Given recent developments in AI, the U.S. government should take proactive steps to understand the implications and considerations surrounding this emerging technology,” said Commissioner Goldsmith Romero.
Technology Advisory Committee Meeting Agenda
Wednesday, March 22, 2023
12:00 p.m. – 4:45 p.m. (ET)
CFTC Headquarters (Conference Center)
Three Lafayette Center
1155 21st Street, N.W.
Washington, D.C. 20581
12.00pm ET |
Introductions |
12.25pm ET |
Exploring Issues in Decentralized Finance |
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12.25pm ET |
A Survey of the Decentralized Finance (DeFi) Landscape |
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Presentation: Ari Redbord, Head of Legal and Government Affairs, TRM Labs |
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12.35pm ET |
“Decentralization”: Indicators and Issues |
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Presentation: Ari Redbord, Head of Legal and Government Affairs, TRM Labs Nikos Andrikogiannopoulos, Founder & Chief Executive Officer, Metrika
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12.50pm ET |
Viewpoints: Discussion of the Technology Advisory Committee
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1.05pm ET |
Digital Identity, Privacy, Unhosted Wallets: What’s on the horizon? |
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Presentation: Carole House, Executive in Residence, Terranet Ventures Jill Gunter, Chief Strategy Officer, Espresso Systems |
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1.25pm ET |
Viewpoints: Discussion of the Technology Advisory Committee
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1.40pm ET |
Exploits & Continuing Vulnerabilities in Crypto Markets |
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Presentation: Michael Shaulov, Founder & Chief Executive Officer, Fireblocks Dan Guido, Founder & Chief Executive Officer, Trail of Bits |
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2.05pm ET |
Viewpoints: Discussion of the Technology Advisory Committee
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2.20pm ET
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Consideration of a Subcommittee on Digital Assets and Blockchain Technology
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2.25pm ET |
Break |
2.40pm ET |
Ensuring Cyber Resilience in Financial Markets |
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2.40pm ET |
The Cyber Threat Landscape for Financial Markets: Lessons Learned from ION Markets, Cloud Use in Financial Services, and Beyond |
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Presentation: Todd Conklin, Deputy Assistant Secretary, Office of Cybersecurity and Critical Infrastructure Protection, U.S. Department of the Treasury
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3.05pm ET |
Pillars of a Cyber Resilience Framework for Financial Markets |
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Presentation: Kevin Stine, Chief of the Applied Cybersecurity Division, NIST Information Technology Laboratory, National Institute of Standards and Technology |
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3.20pm ET |
Viewpoints: Discussion of the Technology Advisory Committee
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3.35pm ET
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Renewal of the Subcommittee on Cybersecurity
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3.40pm ET |
Responsible Artificial Intelligence (AI) |
3.40pm ET |
Blueprint for an AI Bill of Rights: Making Automated Systems Work for the American People
Presentation: Alan E. Mislove, Assistant Director for Data and Democracy, White House Office of Science and Technology Policy
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3.55pm ET |
Responsible AI Development, Deployment, and Use
Presentation: Francesca Rossi, IBM, Fellow and AI Ethics Global Leader
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4.10pm ET |
The Emerging Threat of AI-Enabled Cyber Attacks |
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Presentation: Tim Gallagher, Managing Director, Kroll |
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4.25pm ET |
Viewpoints: Discussion of the Technology Advisory Committee
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4.40pm ET
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Consideration of a Subcommittee on Emerging Technologies
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4.45pm ET |
Closing Remarks and Adjourn |
The nominated members of the Technology Advisory Committee, if and once approved by the CFTC, will be publicly announced in a separate release.
Public Comments
The public may submit comments in connection with the meeting, identified by “Technology Advisory Committee” by May 22, 2023. Follow the instructions for submitting comments through the CFTC Comments Online process. Statements submitted in connection with the committee meeting will be made available to the public, including publication on cftc.gov. If you are unable to submit comments online, contact Anthony Biagioli, TAC Designated Federal Officer ([email protected]), to discuss alternate means of submitting your comments.
The meeting agenda may change to accommodate other Committee priorities. For agenda updates and more information about this advisory committee, including its members, visit TAC.
Seating for the public may be limited due to the Centers for Disease Control’s COVID-19 Community Level, which may require facilitating physical distancing to avoid overcrowding and additional restrictions. People requiring special accommodations to attend the meeting because of a disability should notify Anthony Biagioli, TAC Designated Federal Officer ([email protected]).
There are five active Advisory Committees overseen by the CFTC. They were created to provide advice and recommendations to the Commission on a variety of regulatory and market issues that affect the integrity and competitiveness of U.S. markets. These Advisory Committees facilitate communication between the Commission and market participants, other regulators, and academics. The views, opinions, and information expressed by the Advisory Committees are solely those of the respective Advisory Committee and do not necessarily reflect the views of the Commission, its staff, or the U.S. government.
-CFTC-