Whereas attending the MIT Bitcoin Expo this previous weekend, I used to be afforded the chance to sit down 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 Trading Commission (CFTC).
Massad served as the top of the CFTC from 2014 to 2017, and it was below his management that bitcoin was categorised as a commodity.
Lately, Massad has shared his ideas on what regulation round bitcoin and digital belongings ought to seem like. He’s appeared on Bloomberg to discuss the matter, and he lately testified at the first Senate Banking Subcommittee hearing on Digital Assets.
Massad considers the necessity to stability consumer privateness when utilizing public blockchains with the necessity for the U.S. authorities to observe the networks for illicit actions as one the most important challenges that regulators at the moment face — and he doesn’t declare to have the reply as to how that is finest achieved.
He defined that it’s vital that folks can not see the stability of our funds or everything of our transaction historical past after we do one thing as trivial as paying for a cup of espresso with a digital asset.
In our dialog, he acknowledged that the innovator who develops the expertise that finds this stability may have discovered the “holy grail.”
You possibly can watch the interview right here: