Bitcoin Defender & Former CFTC Commissioner Bart Chilton Dies at 58
The former US Commodity Futures Trading Commission (CFTC) official, Bart Chilton who was also a BItcoin defendant and advocate for cryptocurrency regulation has died. He was 58.
The TV channel RT America, for which Chilton hosted the show “Boom Bust” announced the death citing an unspecified “sudden illness” while CNBC reported complications from pancreatic cancer as the cause of death.
Chilton worked at the CFTC from 2007 to 2014 for which he was nominated by President George W. Bush and then renominated by President Barack Obama. At CFTC, he headed the Energy and Environmental Advisory Committee and the Global Markets Advisory Committee.
In a Twitter post on Sunday, CFTC Chairman, Chris Giancarlo said Chilton’s death was “sad news for all of us.”
Chilton Owned BTC & ETH & Wished He had Invested Sooner
His years at the CFTC were remembered for his criticism of high-frequency trading and calling out for tighter regulations of swaps and derivatives.
In recent months, Chilton wrote for Forbes on topics ranging from cryptos to financial regulation. In his January article, Chilton wrote about cryptos, using an extended analogy to the 1960s Clint Eastwood movie “The Good, the Bad and the Ugly.” In his article, he shared that those at the forefront of the crypto frontier are seeking new opportunities and freedom.
“Freedom from real, or perceived, persecution from a fundamentally flawed global financial system which increasingly separates the rich from poor as the inequality gap gets greater and greater. Cryptos hold out the hope for a way to change some of that.”
Talking about the regulation part, he had said, “As we begin 2019, the future is bright, we just need to get cryptos right. I’ve got considerable confidence we are on the correct trail and will do so.”
In January last year, Chilton said on CNBC that he own Bitcoin and Ethereum and said, “I wish I had been investing when I told everybody to be careful.” Back in late 2017, he defended Bitcoin stating that it not a scam. While talking to Fox Business, Chilton said,
“I don’t think it’s, you know, a fraud, like [JPMorgan CEO] Jamie Dimon said, or a pyramid scheme like [Russian] President Putin said, I mean, people are actually using bitcoins to purchase things. So, that’s not a scam or a fraud.”