Lawyer: Don’t Punish the Programmers

Smart contract developers should not be responsible for violations of regulation perpetrated on the blockchain, says Katten special counsel.


Regulators should not hold programmers responsible for unlawful uses of emerging technology, a financial services lawyer has said.

“If I have to give any advice to this agency, it’s don’t create the rules through enforcement activity; don’t create the rules through rules that scare people,” Katten special counsel Gary DeWaal said, referring to the Commodities Futures Trading Commission (CFTC).

DeWaal, who was speaking at the CFTC’s Fintech Forward conference in Washington, DC, on Thursday

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FCA declines to directly regulate market data prices

A year-long investigation by the UK regulator to determine whether competition is hindered in the wholesale data markets has concluded with its decision not to directly regulate much-maligned data pricing and licensing structures.

How GenAI could improve T+1 settlement

As well as reducing settlement failures, researchers believe generative AI can provide investment managers with improved research, prioritization, and allocation resources.

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