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Regulatory Series on Cryptocurrencies: ‘Coinbase VP’ is now ‘CFTC’s Director of Market Oversight Division’
In the CFTC’s (U.S. Commodity Futures Trading Commission) announcement of a press release to us, Chairman Heath Tarbert has said that the commission has appointed ‘Coinbase’ vice president, Ms. Dorothy DeWitt as its new market supervisor, who is entrusted for administering derivatives platforms and products, including the maturing cryptocurrency market.
She may probably be responsible in her position for the valuationand approving new bitcoin derivatives products in the U.S. DMO.
DeWitt is currently serving as VP, General Counsel - Business Lines and Markets at Coinbase.
Chairman Tarbert revealed in the press release that “I am excited Dorothy will soon be joining our team,”. “She brings to the CFTC more than 20 years of private sector experience in the financial services and legal fields. Her strong investment, risk, legal, and compliance background and familiarity with distributed ledger technology, including crypto assets, will be invaluable as the agency looks to develop a holistic approach to regulating 21st-century commodities.”
DeWitt spent nearly a decade in an investment capacity as a portfolio manager of alternative investment funds that relied heavily on derivatives and swaps.