0x senior counsel moves to policy advisory role at CFTC fintech unit

Regulation • January 26, 2021, 6:27PM EST
UPDATED: June 4, 2021, 11:29AM EDT
The Block

A decentralized finance project's senior counsel is headed to the halls of the U.S.'s commodities regulator.

Jason Somensatto of 0x tweeted today he'd be joining the Commodity Futures Trading Commission (CFTC) as a policy and tech specialist.

Somensatto will be joining the CFTC's fintech innovation arm, LabCFTC. The branch advises CFTC staff on policy related to emerging technologies. 

"I am excited to help build a deeper understanding of how crypto assets and fintech intersect with regulation of the derivatives market," said Somensatto's LinkedIn update.

Somensatto has worked in the Ethereum ecosystem since 2018, and was the decentralized exchange's' first lawyer, according to his website. 

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Aislinn Keely is a reporter on The Block's policy team holding down the legal beat. She covers court decisions, bankruptcies, regulatory actions and other key moments in the legal sphere, putting them in context for the wider crypto industry. Before The Block, she lent her voice to the NPR affiliate WFUV and helmed Fordham University's student newspaper. Send tips or thoughts on all things policy and legal to [email protected] or follow her on Twitter for updates @AislinnKeely.

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