Last weekend, while attending the MIT Bitcoin Expo, I was given the opportunity to sit with Timothy Massad, a Kennedy Government researcher at Harvard University and a former chairman of the US Commodity and Futures Trading Commission (CFTC).
Massad served as head of the CFTC from 2014 to 2017, and it was under his leadership that Bitcoin was classified as a commodity.
In recent years, Massad has shared his thoughts on what regulations on Bitcoin and digital assets look like. He appeared on Bloomberg to discuss the issue and recently testified at the first Senate Banking Subcommittee hearing on digital assets.
Massad considers the need for the US government to monitor networks as one of the biggest challenges currently facing regulators, taking into account the need for the US government to balance their privacy when using public blockchains.
He explained that when doing things as trivial as drinking coffee with digital assets, it is important that people can’t see the balance of our funds or the entire transaction history.
In our conversation, he stated that innovators developing technologies that found this balance have found the “Holy Grail.”
You can see the interview here:
The post was first published in Bitcoin magazine by Timothy Massad, former CFTC president on Bitcoin and digital assets privacy, and written by Frank Colva.
