Bart Chilton: Bitcoin is a huge opportunity. Obama needs to make a move now

There is a huge opportunity that can be tapped into if U.S. government officials and industry thought-leaders establish an appropriate balance between basic consumer protection regulation and an openness which not only permits, but fosters and promotes, innovation. We did it with the internet — and we need to do it now with virtual currencies like bitcoin.

Commentary by Bart Chilton, former commissioner on the Commodity Futures Trading Commission. He is currently a senior policy advisor at the global law firm DLA Piper. He is also the author of “Ponzimonium: How Scam Artists Are Ripping Off America.”

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