Giancarlo Sets New Course for CFTC That Includes Focus on FinTech Firms

In addition to setting a plan to foster fintech innovation, he also laid out a new strategy to reduce the Commission's regulatory footprint, much to the relief of those in attendance at the FIA Boca conference.

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At this year’s Futures Industry Association (FIA) Boca conference, Christopher Giancarlo, who was giving his first speech after being named by President Donald Trump as the permanent chairman of the Commodity Futures Trading Commission (CFTC), laid out his vision for the regulatory body going forward under the new administration’s watch. He says that the Commission’s focus—and the focus of other regulators in the US—since the 2008 financial crisis has been to create a “regulatory superstruct