Former Chairman of SEC to Serve as BitPay, Vaurum Advisor
Arthur Levitt, the former Chairman of the United States Securities and Exchange Commission (better known to you and me as the SEC) will reportedly be serving as advisor to two bitcoin enterprises. They're BitPay and Vaurum. Now, BitPay you've heard about before, no doubt. My coverage of the company has been extensive. But as far as Vaurum goes, you may have heard a little about this bitcoin exchange earlier this year when it was announced that investor Timothy Draper would be using the Silk Road bitcoins he acquired to help out with their market liquidity. As advisor to both companies, Mr.....
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Arthur Levitt, former Chairman of the US Securities and Exchange Commission (SEC), will serve as advisor to Bitpay and Vaurum. Levitt, the longest serving Chairman of the SEC, will work closely with both companies to monitor business practices as well as help develop new ways to market and refine this new form of currency. He said: "Bitcoin is a fascinating new product in the rapidly changing world of financial service. I hope to help BitPay and Vaurum blend their new business models with core monetary methods and transparency practices in order to ensure their long term success."....
The former Securities and Exchange Commission (SEC) chairman Arthur Levitt discussed the evolving regulatory landscape for bitcoin companies and the commission's ability to keep up with fast-paced technological changes in a wide-ranging interview on Bloomberg TV yesterday. Levitt, who is the SEC's longest-serving chairman, became one of the highest-profile figures from the world of financial regulation to enter the cryptocurrency space when he announced that he was joining BitPay and Vaurum as an advisor two days ago. In the Bloomberg TV interview, Levitt said he had been approached by six....
Two significant US-based bitcoin companies, BitPay and Vaurum, have signed a former chairman of the Securities and Exchange Commission to their respective advisory boards. The Wall Street Journal reported today that consultant Arthur Levitt - who served as SEC chairman from 1993 to 2001 and was actually the longest-serving person in that role - has joined the boards in order to guide the bitcoin firms' approach to financial regulation. Levitt affirmed he was impressed by the "innovative energy" of the digital currency industry's youthful representatives, but that they remained unaware of....
The importance of regulation was the topic of the day as industry heavyweights joined current and former regulators at Bloomberg's bitcoin conference yesterday. Bitcoin: Beyond the Currency, held at the organization's global headquarters in New York, drew an audience of roughly 200, many of whom were investors and other denizens of Wall Street. Former SEC chairman and recently appointed advisor to BitPay and Vaurum Arthur Levitt told the audience that there is a lot of work still to be done on bitcoin's image to take it into the mainstream. "I think a lot of people in the industry think....
BitPay’s CEO Stephen Pair recently announced an innovative new program that could very well change the way the internet works on several levels. The new program, called Foxtrot, was designed to give internet users the security and privacy offered by the Bitcoin blockchain technology in everything they do online. While the new system is still in the early stages, foxtrot is currently available for download and BitPay plans on using it to empower their own systems. CoinTelegraph reached out to Tony Gallippi, BitPay’s Executive Chairman for comments about the new project as well as on the....