Former CFTC Commissioner Who Cautioned Markets About Bitcoin Now Owns It

CFTC

Well THIS is refreshing. A regulator with candid POSITIVE comments on bitcoin (and other cryptos too). Bart Chilton, the former commissioner of the CFTC (Commodity Futures Trading Commission) wishes he had bought bitcoin way back when while he was urging caution while wearing his “reg-hat” (public regulators have to do that, ya know). Now, free of the government shackles, Bart owns both bitcoin and ethereum and while acknowledging its still “the wild west” in crypto world things are settling down. Here is a great read from a super great guy. Thanks Bart.
(Bill Taylor/CEO)


  • ‘Former financial regulator Bart Chilton wishes he had invested in bitcoin and other popular cryptocurrencies back when he was telling everyone to be careful.
  • Chilton says it’s still the “Wild West” outside the regulated futures market, but added the massive price fluctuations have since “mellowed out.”

A former financial regulator said Thursday that he wished he had invested in bitcoin and other popular cryptocurrencies back when he was telling everyone to be careful.

Bart Chilton, a former commissioner of the Commodity Futures Trading Commission, says he’s been calling for cryptocurrency regulation since 2012. In the fall of 2017, when the price of bitcoin was fluctuating, Chilton said he would have sought an investigation into the “precipitous price changes” witnessed.

Chilton said Thursday that it’s still the “Wild West” outside the regulated futures market, but added that the massive price fluctuations have since “mellowed out.”

“I wish I had been investing when I told everybody to be careful,” said Chilton, who says he now owns bitcoin and ethereum. “I had a lot of my friends that said, ‘You told me not to invest.’ They would have been millionaires.”

Exchange operators such as CME Group and Cboe Global Markets have opened their platforms to allow bitcoin futures trading.

“There’s a shaking out going on in the digital currency world,” Chilton said in the interview with CNBC’s “Squawk on the Street.” “There’s a lot of craziness out there, but as we go forward on CME and Chicago Board Options Exchange [I think] it is a first step at regularizing.”…’


 

Full Story at CNBC.com