Adapting To Disruption Through Digital Asset History. Mark Wetjen, CEO of MIAX Futures. - E26

The Encrypted Economy

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This week on The Encrypted Economy, my guest is Mark Wetjen, the CEO of MIAX Futures. Mark’s career in finance has had many influential stops in both the public and private sectors, and it was a privilege to have his voice on the podcast. In Washington DC, Mark started in Harry Reid’s office and rose all the way up to the Chairmanship of the CFTC where he hosted the government’s most viewed public hearing on the subject of Bitcoin’s classification. From there he moved on to the DTCC and his current role with MIAX where he leads the development of the exchange’s most innovative new products. Mark’s career is a picture-perfect representation of the push to integrate cryptocurrencies into our financial infrastructure, and his perspective is vital towards understanding where that push will head in the future. Don’t miss my conversation with Mark and be sure to keep an eye on MIAX.

Topics Covered

• Mark’s Background
• Mark & Bitcoin at the CFTC
• How the Regulatory Status of Crypto has Evolved
• The Future of the CFTC
• The Importance of the DTCC
• How Regulation fits into a Shortened Settlement Cycle
• MIAX’s Role in the Crypto Space
• Bermuda’s DABA Regime
• MIAX, the Minneapolis Grain Exchange & MidChains
• The Innovative Tech Behind MIAX

Resource List

• Mark’s LinkedIn
• MIAX Website
• My Article on Global Blockchain Regulation
• Mark’s 2014 Op-Ed on Bitcoin as a Commodity
• NYS DFS Virtual Currency Greenlist
• William Hinman 2018 All Markets Summit Speech
• Commodity Exchange Act Definitions
• Broad-Based vs Narrow-Based Index
• Depository Trust and Clearing Corporation (DTCC)
• Trade Information Warehouse (DTCC)
• The DTCC’s Blockchain Publications
• Our Episode with Scott Purcell
• SEC Paxos No Action Letter
• Bermuda Stock Exchange (BSX)
• Bermuda’s Digital Asset Business Act (DABA)
• The Minneapolis Grain Exchange (MGEX)
• MidChains Digital Asset Exchange
• MIAX's Most Innovative Exchange Technology Award

Chapters

1. Mark's Background (00:00:00)

2. Mark’s Involvement with Bitcoin at the CFTC (00:06:13)

3. How the Regulatory Status of Crypto has Evolved (00:10:47)

4. The Future of the CFTC (00:14:34)

5. The Infrastructure Importance of the DTCC (00:18:22)

6. How Regulation fits into a Blockchain Shortened Settlement Cycle (00:24:29)

7. MIAX’s Role in the Crypto Space (00:28:38)

8. Bermuda’s DABA Regime (00:30:29)

9. MIAX’s Involvement with the Minneapolis Grain Exchange & MidChains (00:35:51)

10. The Innovative Tech Behind MIAX (00:39:07)