CFTC Commissioner Kristin Johnson touts DCCPA bill at market risk advisory meeting

The committee meeting was Johnson's first as committee sponsor; she chose to focus on digital assets and digital product consumer protection law in her opening remarks.

The Market Risk Advisory Committee (MRAC) of the U.S. Commodity Futures Trading Commission (CFTC) held its first meeting with its new members on September 28. In her opening statement, committee sponsor Commissioner Kristin N. Johnson explained a long list of issues to consider, but spent most of her time talking about digital assets.

This is the first RMCA meeting under Johnson's leadership. She gave a summary of the CFTC's actions in the crypto space, including the controversial Ooki DAO case, the recent White House Comprehensive Framework for Responsible Development of Digital Assets, and the CFTC Roundtable on Non- -intermediation held earlier this year.

Investigation, enforcement and further guidance can provide clarity and certainty for market participants, Johnson said. The cryptocurrency industry and traditional market players "want a clear indication of the Commission's next steps," she added.

I'm honored to be attending my first meeting as an official member of the @CFTC Market Risk Advisory Board tomorrow at 9:30am. Thanks @CFTCjohnson for including me in the discussion. https://t.co/JdR2Ni7Woe

Johnson then turned his attention to...