Ex-CFTC Commissioner Joins Crypto Exchange as Regulatory Adviser

Bart Chilton, the former commissioner of the U.S. Commodity and Futures Trading Commission (CFTC), is doubling down on his stated desire for a regulated market to foster the development of cryptocurrency trading.

The former U.S. government regulator announced on Jan. 23 that he will join the decentralized cryptocurrency exchange Omega One as an adviser, focusing on regulatory aspects in the U.S. and abroad as the exchange eyes attracting retail and institutional investors.

In an email response to CoinDesk, Chilton explained that one of the reasons he signed up for the new role is because the team at Omega One also shares the belief that appropriate regulation should be in place to facilitate the growth of cryptocurrency trading.

“We [Alex Gordon-Brandor, CEO of Omega One, and Chilton] spoke for a while and [Gordon-Brandor] explained how Omega One wanted to break the mold of most in the digital world of staying away from all things regulatory or government like a hot oven. He said we need transparency and disclosure and to abide by appropriate rules,” Chilton explained.

In addition to advising on regulatory issues, Chilton said he is keen on potential involvement in the Brooklyn Project, a cross-industry regulatory endeavor for the crypto space launched by blockchain tech firm ConsenSys, which is also a partner of the Omega One…

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