Boozman, CFTC Commissioners Get Firsthan…
WASHINGTON—US Senator John Boozman (R-AR), Ranking Member of the US Senate Committee on Agriculture, Nutrition and Forestry, and Commodity Trading Commission (CFTC) Commissioners Christy Goldsmith Romero and Summer Mersinger got a first-hand look at the Blockchain Center of Excellence at the University of Arkansas today as we discussed a path forward to bring more consumer protections to the crypto industry.
Boozman, who recently introduced Digital Commodities Consumer Protection Act of 2022 to give the CFTC new tools and authorities to regulate digital goods, invited the commissioners to Arkansas to continue the discussion on how a mandatory framework would safeguard customers and markets.
“There is simply no substitute for visits like this to ensure we are making informed decisions. The Blockchain Center of Excellence and the CFTC have been important partners to my office as we worked to draft this legislation, sharing crucial insights into the real world impact of the bill. The Center is truly at the forefront of digital asset research, and several of our leading businesses are embracing the technology, positioning Arkansas as a leader in this emerging field and making it an ideal place to advance this discussion.” Boozman said.
“As a sponsor of the CFTC’s Technology Advisory Committee, I am thrilled to join Senator Boozman at the University of Arkansas School of Law’s Blockchain Center of Excellence. The Blockchain Center promotes a critical public discussion about the potential of blockchain technology to benefit American businesses and households. said Commissioner Jeweler Romero. “I am grateful to Senator Boozman for introducing me to the Blockchain Center. Senator Boozman has been a leader in working across the aisle with Senator Debbie Stabenow and other colleagues to bring digital assets, such as Bitcoin, into a regulatory framework that focuses on the need to protect customers, protect customers’ assets and address regulatory gaps.
“It was an honor to join Ranking Member Boozman today for this meeting at the University of Arkansas’ Center for Blockchain Excellence to see firsthand how they are preparing students for critical jobs in this cutting-edge industry. At the CFTC, we have seen firsthand how blockchain technology is being used in everything from commodity trading to farming. Ensuring a well-educated, domestic workforce is critical to ensuring America’s competitiveness in the development and implementation of blockchain technology throughout our economy. Arkansans should be proud of both the key leadership roles both Ranking Member Boozman and the University of Arkansas plays in our nation’s approach to the digital asset and blockchain technology space. Commissioner Mersinger said.
The Blockchain Center of Excellence was established in May 2018 within the Department of Information Systems at the Sam M. Walton College of Business at the University of Arkansas. Its mission is to make the Sam M. Walton College of Business a premier academic leader in the research and education of blockchain-enabled technologies and digital ecosystems.
“The Blockchain Center of Excellence and the University of Arkansas School of Law are thrilled to witness Senator Boozman’s work and leadership in the crypto space. It is a daunting task to balance the need for regulation while encouraging technological innovation, and the Digital Commodities Consumer Protection Act from 2022 can help close regulatory gaps without stifling business development.” said Professor Carol Goforth, member of the faculty network at the Blockchain Center and Clayton N. Little Professor of Law at the University of Arkansas School of Law.
Learn more about Digital Commodities Consumer Protection Act of 2022.
