1 week ago
While attending the MIT Bitcoin Expo this past weekend, I was afforded the accidental to beryllium down with Timothy Massad, Research Fellow astatine the Kennedy School of Government astatine Harvard University and erstwhile Chairman of the U.S. Commodities and Futures Trading Commission (CFTC).
Massad served arsenic the caput of the CFTC from 2014 to 2017, and it was nether his enactment that bitcoin was classified arsenic a commodity.
In caller years, Massad has shared his thoughts connected what regularisation astir bitcoin and integer assets should look like. He’s appeared connected Bloomberg to sermon the matter, and helium precocious testified astatine the archetypal Senate Banking Subcommittee proceeding connected Digital Assets.
Massad considers the request to equilibrium idiosyncratic privateness erstwhile utilizing nationalist blockchains with the request for the U.S. authorities to show the networks for illicit activities arsenic 1 the biggest challenges that regulators presently look — and helium doesn’t assertion to person the reply arsenic to however this is champion accomplished.
He explained that it’s important that radical cannot spot the equilibrium of our funds oregon the entirety of our transaction past erstwhile we bash thing arsenic trivial arsenic paying for a cupful of java with a integer asset.
In our conversation, helium stated that the innovator who develops the exertion that finds this equilibrium volition person recovered the “holy grail.”
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