U.S. Regulator Insists Bitcoin Can Be Regulated

He means jurisdiction-wise. Enforcement is another issue.

The American financial regulator for derivatives trading has told multiple news outlets that it is considering new rules for Bitcoin.

"Here's what I know for sure: we could regulate it if we wanted. That is very clear," Bart Chilton, one of five commissioners at the Commodity Futures Trading Commission (CFTC) told Reuters in an interview on Monday.

He also told CNBC on Tuesday that he wanted to make sure that the entire scheme was not a "house of cards."

"I don't want to regulate everything under the sun," Chilton added in the CNBC interview. "If you guys want to be a shill for the financial industry and support a chattel currency that people use to purchase drugs and money with—have a party, man. My job is a regulator; I'm going to look after it."

Comments

[Margaret Avery]

This is the first time in history the debate about governmental regulation is moot. They cannot regulate what they cannot find.

http://www.reddit.com/r/Bitcoi....._be_legal/

The government failed so incontrovertibly at regulating file sharing. Agencies are not debating HOW, but rather whether or not they are even CAPABLE of regulating private, decentralized, encrypted digital currencies. All this huffing and puffing is merely collective ego trying to maintain composure in the face of a future they can no longer control.