Home Cryptocurrency Sen. Boozman Discusses Future of Cryptocurrency, Consumer Safeguards

Sen. Boozman Discusses Future of Cryptocurrency, Consumer Safeguards

by Lottar




Photo by Chieko Hara

US Sen. John Boozman visited with leaders in the U of A Law School and Blockchain Center of Excellence on the need for new tools to regulate digital commodities and protect customers and markets.

U.S. Senator John Boozman (R-Ark.) visited the U of A campus on Monday, August 22 and met with leaders in the law school and the Blockchain Center of Excellence to address the need for consumer protection within the crypto industry. to discuss.

Boozman’s visit kicked off his annual agricultural tour, a weeklong highlight of Arkansas agricultural operations. He is the top Republican on the Senate Committee on Agriculture, Food and Forestry.

Boozman spoke with law professor Carol Goforth and senior managing director of the Blockchain Center of Excellence Kathryn Carlisle about the need for new tools to regulate digital commodities and protect customers and markets.

“The Blockchain Center of Excellence and the University of Arkansas School of Law are thrilled to recognize Senator Boozman’s work and leadership in the crypto space,” Goforth said. “It is a challenging task to balance the need for regulation while encouraging technological innovation, and the Digital Commodity Protection Act of 2022 can help plug regulatory loopholes without stifling business development.”

Boozman was also joined by Commodity Futures Trading Commission (CFTC) Commissioners Christy Goldsmith Romero and Summer Mersinger.

“There is simply no substitute for visits like this to ensure we make informed decisions,” Boozman said. “The Blockchain Center of Excellence and the CFTC have been important partners to my office as we worked to draft this legislation, sharing crucial insight into the real impact of the bill. The center is truly at the forefront of research on digital assets and more of our leading businesses are embracing the technology, positioning Arkansas as a leader in this burgeoning field and making it an ideal place to continue this discussion.

ABOUT THE BLOCKCHAIN ​​CENTER FOR EXCELLENCE

Since its founding in 2018 within the Walton College Department of Information Systems, the Blockchain Center of Excellence has made the college and the U of A an academic leader in research and education of blockchain-enabled technologies and digital ecosystems. The center promotes research on blockchain’s impact and implementation to help it become a mainstream tool for businesses.

For the last four years during the spring semester, the Blockchain Center for Excellence has hosted its RZRblock Hackathon, a free, month-long competition open to students or anyone interested in learning about blockchain technology.

The Arkansas Law Review will also host its annual symposium this fall on October 28, which focuses on the regulation of cryptoassets. It is scheduled to feature a keynote address from CFTC Commissioner Kristin Johnson.

Co-sponsored by the School of Law and the Blockchain Center of Excellence, the symposium brings together national experts to discuss the evolution of regulatory responses in the crypto ecosystem.

The symposium does require advance registration, but the all-day event is open to the public.

About the University of Arkansas: As Arkansas’ flagship institution, the U of A offers an internationally competitive education in more than 200 academic programs. Founded in 1871, the U of A contributes more than $2.2 billion to Arkansas’ economy by teaching new knowledge and skills, entrepreneurship and job development, discovery through research and creative activities, while also training for professional disciplines supply. The Carnegie Foundation ranks the U of A among the few American colleges and universities with the highest level of research activity. US News & World Report ranks the U of A among the top public universities in the country. See how the U of A is working to build a better world at Arkansas Research News.





From L to R: Carol Goforth, Christy Goldsmith Romero, Sen. John Boozman, Summer Mersinger, Kathryn Carlisle



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