Attending the MIT Bitcoin Expo The opportunity for me to have a conversation with Timothy Massad – Research Fellow and Former Chairman of the Kennedy School of Government, Harvard University – was given this weekend. U.S. Commodities and Futures Trading Commission (CFTC).
Massad was the head of CFTC between 2014 and 2017, when bitcoin was classified as a commodities.
Massad shared in recent years his views on how regulation should be implemented around digital assets and bitcoin. He’s appeared on Bloomberg to discuss the matterHe recently appeared before the court in testimony. the first Senate Banking Subcommittee hearing on Digital Assets.
Massad considers the need to balance user privacy when using public blockchains with the need for the U.S. government to monitor the networks for illicit activities as one the biggest challenges that regulators currently face — and he doesn’t claim to have the answer as to how this is best accomplished.
He emphasized that it was important for people to not be able to see our balances or our entire transaction history, even when paying for something trivial like a cup coffee.
In his conversation with me, he said the innovator that develops technology that achieves this balance is the winner. “holy grail.”
Here is the link to watch this interview:
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Source: bitcoinmagazine.com
