Bart Chilton, a former commissioner of the Commodity Futures Trading Commission, says he’s been calling for cryptocurrency regulation since 2012. In the fall of 2017, when the price of bitcoin was fluctuating, Chilton said he would have sought an investigation into the “precipitous price changes” witnessed.
Chilton said Thursday that it’s still the “Wild West” outside the regulated futures market, but added that the massive price fluctuations have since “mellowed out.”
“I wish I had been investing when I told everybody to be careful,” said Chilton, who says he now owns bitcoin and ethereum. “I had a lot of my friends that said, ‘You told me not to invest.’ They would have been millionaires.”