Senator Tom Carper (D) of Delaware — the same lawmaker who called for hearings on bitcoin late last year — is looking to get some clarity from the United States Commodity Futures Trading Commission (CFTC) regarding the potential regulation of bitcoin business, which has undoubtedly become big in the past year.
“Given that we read about a new venture in the digital currency space nearly every day, it is important that our government agencies respond appropriately and in a timely manner with thoughtful policy and oversight,” wrote Carper in an email. “Those willing to take risks and play by the rules should have the opportunity to thrive without the fog of uncertainty.”
An important move
Carper’s inquiry to the Commission are of extreme importance to the bitcoin community. Often times, both individuals and businesses trying to delve into the digital currency don’t know what they’re getting involved with in terms of regulation (or the lack of thereof), and many agree that just isn’t a good thing for the long-term growth of bitcoin.
What will be more interesting will be just how the CFTC responds to Carper’s inquiry. We’ll have more information on that just as soon as it becomes available. (via Bloomberg via BusinessWeek)