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CFTC Continues Developing FinTech Initiative With its New Hire

Christopher Giancarlo, the acting chairman of the US Commodity Futures Trading Commission (CFTC), has appointed Daniel Gorfine to serve as director of LabCFTC and chief innovation officer, effective immediately.

“Daniel is a well-respected leader whose expertise in market-enhancing fintech will help the CFTC disrupt the status quo and change the way government interacts with our ever-innovating marketplace,” says Giancarlo. “Daniel’s addition to the team will move our LabCFTC initiative into its next phase and will further our efforts to make the CFTC a 21st century regulator for our 21st century digital markets.”

LabCFTC is a new initiative announced by the Commission in May, which aims at promoting responsible fintech innovation to improve the quality, resiliency and competitiveness of the markets the CFTC oversees.

“New technologies are increasingly transforming financial markets and services, and have the potential to positively impact market competition and efficiency, as well as how we transact, allocate and move capital, and make financial decisions,” says Gorfine. “I am grateful to have this opportunity to implement the vision articulated by acting chairman Giancarlo in order to promote market-enhancing fintech innovation and incorporate emerging regulatory technologies that can help make the CFTC a 21st century digital regulator.”

In this role, Gorfine will be responsible for coordinating closely with international regulatory bodies, other US regulators, and Capitol Hill to discuss best practices around implementing digital and agile regulatory frameworks and approaches for the CFTC.

Gorfine previously served as director of financial markets policy and legal counsel at the Milken Institute think tank, where he focused on financial innovation, capital access, and financial market policy, and currently serves as an adjunct professor of law at the Georgetown University Law School teaching fintech law and policy. 

Gorfine was most recently vice president, external affairs and associate general counsel at OnDeck. Earlier in his career, Gorfine worked at the international law firm Covington & Burling and served a clerkship with US District Court Judge Catherine Blake in the district of Maryland.



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