Statement Of CFTC Commissioner Sharon Y. Bowen On the Launch Of LabCFTC

I commend Acting Chairman Giancarlo and the CFTC staff for launching this important initiative. The pace of technological change in financial services is relatively unparalleled in history. In fact, overall financial technology venture capital funding grew 48% since 2011 and lending and payments related categories account for 74% of venture funding since 2006.