Former CFTC Chairman Timothy Massad On Bitcoin And Digital Asset Privacy

Whereas attending the MIT Bitcoin Expo final weekend, I had the chance to take a seat down with Timothy Massad, researcher on the Kennedy College of Authorities at Harvard College and former chairman of the US Commodities and Futures Trading Commission (CFTC).

Massad served as head of the CFTC from 2014 to 2017, and it was underneath his management that Bitcoin was labeled as a merchandise.

Lately, Massad has shared his ideas about what rules round Bitcoin and digital belongings ought to appear like. He’s appeared on Bloomberg to discuss the caseAnd he just lately testified throughout the first listening to of the Senate Banking Subcommission on digital belongings.

Massad considers the necessity to stability the privateness of customers in the usage of public block chains with the necessity for the US authorities to verify the networks for unlawful actions as one of many greatest challenges with which supervisors are at present confronted – and he doesn’t declare to have the reply about how this will finest be achieved.

He defined that it is crucial that folks can’t see the stability of our funds or the entire of our transaction historical past if we do one thing as trivial as paying for a cup of espresso with a digital energetic.

In our dialog he said that the innovator growing the know-how that this stability finds could have discovered the ‘holy grail’.

You’ll be able to view the interview right here: