While attending the MIT Bitcoin exhibition at the end of last week, I had the opportunity to sit with Timothy Masad, a research colleague at Kennedy State College at Harvard University and former Chairman of the Board of Directors The United States Trading Committee and Futures (CFTC).
Massad held the position of CFTC president from 2014 to 2017, and under his leadership was that Bitcoin was classified as a commodity.
In recent years, he shared his ideas about what the regulations about bitcoin and digital assets should look like. he He appeared on Bloomberg to discuss the matterAnd he recently witnessed the first sub -committee session of the Senate Banking Services on digital assets.
Massad looks at the need to balance the user’s privacy when using the general Blockchains with the need for the United States government to monitor illegal activities as one of the biggest challenges currently faces organizers – and does not claim to have the answer to the way this is better achieved.
He explained that it is important that people cannot see the balance of our money or the overall history of our transactions when we do something trivial, such as paying a cup of coffee with a digital asset.
In our conversation, he stated that the creator who develops technology that finds this balance has found the “Holy Just”.
You can watch the interview here:
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