Whereas attending the MIT Bitcoin Expo this previous weekend, I used to be afforded the chance to take a seat down with Timothy Massad, Analysis Fellow on the Kennedy College of Authorities at Harvard College and former Chairman of the U.S. Commodities and Futures Buying and selling Fee (CFTC).
Massad served as the pinnacle of the CFTC from 2014 to 2017, and it was underneath his management that bitcoin was labeled as a commodity.
In recent times, Massad has shared his ideas on what regulation round bitcoin and digital property ought to appear to be. He’s appeared on Bloomberg to debate the matter, and he just lately testified on the first Senate Banking Subcommittee listening to on Digital Property.
Massad considers the necessity to steadiness person privateness when utilizing public blockchains with the necessity for the U.S. authorities to observe the networks for illicit actions as one the largest challenges that regulators at present face — and he doesn’t declare to have the reply as to how that is greatest completed.
He defined that it’s essential that folks can not see the steadiness of our funds or the whole lot of our transaction historical past once we do one thing as trivial as paying for a cup of espresso with a digital asset.
In our dialog, he said that the innovator who develops the know-how that finds this steadiness may have discovered the “holy grail.”
You possibly can watch the interview right here:
This submit Former CFTC Chairman Timothy Massad On Bitcoin And Digital Asset Privateness first appeared on Bitcoin Journal and is written by Frank Corva.
