SEC Chair: Blockchain Could Replace Current Trading Clearing and Settlement

[kreslik.news]

High ranking financial figures are one by one addressing the disruptive potential of blockchain recently. Soon after a CFTC Commissioner said the technology could have prevented the collapse of Lehman Brothers and called on regulators around the world to let blockchain and smart contracts develop freely, another American official echoed the sentiment.

The Chairwoman of the U.S. Securities and Exchange Commission Mary Jo White spoke at the SEC’s and Rock Center’s Silicon Valley Initiative in Stanford University in San Francisco and touched upon the promises of blockchain and distributed ledgers. The event was attended by regulators, academics, lawyers ... (read more)