Tuesday, May 7, 2013

CFTC's Chilton Talks Bitcoin Regulation

Bart Chilton, Commodities Futures Trading Commission commissioner, tells CNBC, “I’m not 100% saying we should regulate it, but if anyone is going to, it seems like it’s something we should consider.”

The volatility in prices, he noted, “is amazing.”

The CNBC anchors grilled him pretty aggressively but I don't think he was showing all his cards during the interview. It looks to me like the CFTC is looking at bitocins very closely. 

It was instructive that Chilton was able to provide the penname of the founder of bitcoins, Satoshi Nakamoto, off the top of his head.

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