Final weekend, whereas attending the MIT Bitcoin Expo, I used to be given the chance to sit down with Timothy Massad, a Kennedy Authorities researcher at Harvard College and a former chairman of the US Commodity and Futures Buying and selling Fee (CFTC).
Massad served as head of the CFTC from 2014 to 2017, and it was below his management that Bitcoin was categorized as a commodity.
Lately, Massad has shared his ideas on what laws on Bitcoin and digital belongings appear like. He appeared on Bloomberg to debate the problem and just lately testified on the first Senate Banking Subcommittee listening to on digital belongings.
Massad considers the necessity for the US authorities to watch networks as one of many greatest challenges at present going through regulators, considering the necessity for the US authorities to stability their privateness when utilizing public blockchains.
He defined that when doing issues as trivial as consuming espresso with digital belongings, it’s important that individuals can't see the stability of our funds or all the transaction historical past.
In our dialog, he acknowledged that innovators creating applied sciences that discovered this stability have discovered the “Holy Grail.”
You possibly can see the interview right here:
The publish was first printed in Bitcoin journal by Timothy Massad, former CFTC president on Bitcoin and digital belongings privateness, and written by Frank Colva.
