Bart Chilton, former CFTC executive and cryptographic rights advocate, dies at the age of 58

Bart Chilton, a former CFTC executive and known as a cryptography advocate, died at the age of 58 as a result of a sudden illness. The RT America television channel announced the news on April 27.

A former member of the US House of Representatives from 1985 to 1995, Chilton was a member of the CFTC's Energy and Environment Advisory Committee and the Global Markets Advisory Committee from 2007 to 2014.

After CFTC, Chilton joined DLA Piper as Senior Policy Advisor for Regulatory and Public Policy Issues. The former commissioner of the CFTC was also known for presenting RT's financial show called "Boom Bust".

As a writer and financial, political and political editor, Chilton has often expressed his point of view on the crypto and blockchain industry. In 2017, Chilton supported the largest bitcoin cryptocurrency (BTC) claiming it "is neither a scam nor a fraud" because people " actually use Bitcoins to buy items. " He stated:

"I think it's sustainable, I do not know if it's sustainable at these prices […] people are willing to pay for it and so if they are willing to pay for it, there is a demand. "

Chilton was also an active supporter of the adoption of crypto regulation, saying the high volatility of Bitcoin at the end of 2017 was a sign that regulation was what it really needed.

In January 2019, Chilton wrote an article in Forbes titled "Good, Bad And Ugly Of Cryptos", which details a parallel between the crypto industry and the Clint Eastwood film of the 1960s. In this article, Chilton expressed the hope that cryptocurrencies would pave the way for greater financial freedom for the people.

In March 2019, Chilton presented his reflections on various use cases and potential uses of the blockchain – comparing it to bamboo – in a video presented in Hong Kong at Blockchain Week titled "Blockchain Dreamers and the Properties of the bamboo".

Previously, in October 2018, Chilton had participated in an interview with Boom Bust entitled "Banks Warming Up to Blockchain?", In which he claimed that banks wanted to stay out of the big public books because "they were trying to keep control of the financial system ".