Daniel Gorfine is the CFTC's chief innovation officer and head of the agency's LabCFTC initiative, the first person to hold those titles. He was appointed to the position on July 10, 2017, responsible for coordinating with international regulatory bodies, other US regulators, and Capitol Hill to discuss best practices around implementing digital and regulatory frameworks and approaches for the CFTC.
The CFTC announced in 2019 that he would depart the agency in mid-August to return to the private sector.
Under his leadership, LabCFTC began holding innovator office hours across the U.S. and internationally and developing CFTC primers on virtual currencies and smart contracts. It also analyzed and sought public feedback on crypto-asset markets and mechanics; created a LabCFTC Accelerator focused on public innovation competitions and internal technology pilots, and held the first CFTC Fintech Forward conference. He led the CFTC’s efforts to enter into Fintech cooperation arrangements with the UK Financial Conduct Authority, Australian Securities and Investments Commission, and the Monetary Authority of Singapore.
Gorfine also served as the designated federal officer of the CFTC’s Technology Advisory Committee.
He also serves as an adjunct professor of Law at the Georgetown University Law School, teaching FinTech Law & Policy.
Gorfine previously served as director of financial markets policy and legal counsel at the Milken Institute. Before that, he was vice president, external affairs & associate general counsel at OnDeck.
Earlier in his career, Gorfine worked at the international law firm Covington & Burling LLP and served a clerkship with U.S. District Court Judge Catherine C. Blake in the District of Maryland.
A graduate of Brown University (A.B.), Gorfine holds a J.D. from George Washington University Law School and an M.A. from the Paul H. Nitze School for Advanced International Studies (SAIS) at Johns Hopkins University.
On May 17, 2017 the CFTC announced the launch of its new fintech initiative, LabCFTC. The CFTC hired Daniel Gorfine to lead the initiative and become the CFTC’s chief innovation officer on July 10, 2017. Gorfine sat down with JLN to discuss how the CFTC plans to become a 21st century regulator.
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