Is the New CFTC Chairman Heath Tarbert a Bitcoin Ally or Enemy?

As reported by CCN, “By CCN: Bitcoin fans are wistful after learning that the pro-crypto CFTC chairman Christopher Giancarlo is stepping down on July 15.

“The U.S. Senate confirmed Giancarlo’s successor, Heath Tarbert, by a vote of 84 to 9.

“‘Giancarlo was affectionately nicknamed ‘Crypto Dad‘ for his pro-bitcoin rhetoric. In a June 5 statement, Giancarlo expressed his ‘enthusiastic congratulations’ to Tarbert, whom he called “highly qualified.’

“Tarbert’s position on cryptocurrencies is unknown. However, Giancarlo says Tarbert shares his vision of helping the CFTC transition into ‘a 21st Century regulator for today’s digital markets.’

“Moreover, Tarbert, a Republican, is very pro-business. Therefore, it’s likely that he opposes over-regulation that would stifle innovation.

“Tarbert, an attorney, is currently an acting undersecretary at the U.S. Treasury. He is also a member of the Financial Stability Board, an international body that monitors the global economy.

“As CCN reported, the FSB recently said that cryptocurrencies are not a threat to the world economy…”

Continue to read the full story at CCN.

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