In a recent Bloomberg BNA article, Nikiforos Mathews gave his take on J. Christopher Giancarlo's, the acting chairman of the CFTC, position on helping incubate financial technology more than other federal regulators.
Nik noted that "of the U.S. regulators, it seems Giancarlo has been the most vocal about working with fintech firms and allowing them room to innovate. The approach he's taking is, listen and learn. Have [fintech innovators] come up with their models and products and keep a close eye on them, but you don't have to put up obstacles left and right." He added that "at the end of the day, with early regulatory involvement, regulators are going to understand the market better [and eventually] put out smarter rules."
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