Bitcoin Isn’t a Scam: Says Ex-CFTC Commissioner, Bart Chilton
Bitcoin Isn’t a Scam: Says Ex-CFTC Commissioner, Bart Chilton

The former US Commerce Commissioner, Bart Chilton, told Bitcoin “there is no scam or fraud,” according to a press release.

Speaking to Fox Business, Chilton Alan Greenspan, the former Fed chief, said the concern expressed about the sustainability of Bitcoin last week. Criptomonedas said he had no “back”.

Chilton said:

“I do not think it’s a scam, as he [the CEO of JPMorgan] Jamie Dimon, or a pyramid scheme, like the [Russian] President Putin said, I mean, people use Bitcoin’s things to buy, that’s not a scam or fraud “.

“I think it’s sustainable, I do not know if it’s sustainable at these prices,” he told the news channel.

Elsewhere in the interview, Chilton, who served as Commission Commissioner for Trade Commodity Futures US from 2007 to 2014, expressed the hope that the bitcoins regulations would provide some protection to consumers but would not be “overzealous”. He added that CME Group plans to launch Bitcoin Futures at the end of the year will bring the required regulations into the space.

His remarks came shortly after President of the European Central Bank, Mario Draghi, said that criptomonedas are to be considered “immature” for the scheme.

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