CFTC upgrades LabCFTC, a financial technology research laboratory, to an independent office

According to CoinDesk, the US Commodity Futures Trading Commission (CFTC) is upgrading its financial technology research department LabCFTC, saying that LabCFTC will become its own independent office within the CFTC, reporting directly to the agency's chairman, Heath Tarbert, which will continue to serve as the agency's New financial technology research department, including research on blockchain and cryptocurrency tools.