Former CFTC Official: Barack Obama ‘Should Heed the Call’ on Bitcoin
The Obama administration should move quickly to embrace bitcoin and blockchain technology, a former government regulator has argued in a new op-ed. Writing for CNBC, former Commodity Futures Trading Commission (CFTC) commissioner Bart Chilton said that the US is at risk of missing out on potential economic value by not more openly supporting the technology in its nascent days. Citing recent advocacy by current CFTC commissioner J. Christopher Giancarlo, who appeared at CoinDesk’s Consensus 2016 blockchain conference, Chilton said that President Barack Obama "should heed the....
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Former commissioner on the Commodity Futures Trading Commission advised Obama in an op-ed on CNBC today to take a reasonable approach to digital currency and blockchain technology, one that fosters innovation. Bitcoin and blockchain regulation has been a hot topic at conferences and on the nascent technology’s online forums. Bitcoin, known for its anarchist and libertarian leanings, fear government legislators and regulators. Many episodes have tarnished bitcoins name, as well; namely, the Silk Road and Mt. Gox affairs. These have led to everyday people, and regulators, to associate the....
LedgerX, an institutional bitcoin trading and clearing platform, announced this week that Mark Wetjen, the ex-commissioner of the U. S. Commodity Futures Trading Comission (CFTC), will join its board. Nominated by President Barack Obama in 2011 and unanimously confirmed by the Senate as one of the five CFTC commissioners, Wetjen both helped to implement the first trading mandate for certain types of interest rate and credit default swaps and pushed the CFTC to undertake approximately 95 enforcement cases under the Dodd-Frank Act and Commodity Exchange Act. He also served as the acting....
President Barack Obama has become the first US President to program a computer. The president accomplished this goal on December 8, 2014 at an Hour of Code event. Hour of Code is a global effort to get children excited about coding and to show that anybody can try computer science, and that learning the basics is the best way to prepare for any career today. Also read: Bitsmart: Open-Source DIY Bitcoin Wallet With Raspberry Pis. President Obama, Coder-in-Chief. On its official blog, Code.org (the organization behind the event) claims it reached 53 million students from around the world....
Quintenz's 5-year term at the agency was originally scheduled to end in April 2020, but he has twice extended his departure. Brian Quintenz, who has served as one of the commissioners with the Commodity Futures Trading Commission, or CFTC, reportedly plans to leave the agency on Aug. 31.According to a Thursday report from the Wall Street Journal, Quintenz is expected to announce his move into the private sector after leaving the CFTC later this month. He hinted that his future career could include a focus on “innovation, particularly related to cryptocurrency and DeFi” and planned to....
Ripple Labs has added Michael Barr, a former US Treasury Department official, to its board of advisors. Barr previously served as Assistant Secretary for Financial Institutions under President Barack Obama and as a special Treasury advisor to former President Bill Clinton. Barr also worked in the State Department and the US Supreme Court. He is currently teaching at the University of Michigan Law School. Barr said in a statement: "Our global payments system is badly outdated. I think innovation in payments can help make the financial system safer, reduce cost and improve access and....