Interactive Brokers Chairman: Bitcoin Futures Endanger “Entire Economy”

[kreslik.news]

“Cryptocurrencies do not have a mature, regulated and tested underlying market,” wrote Thomas Peterffy, Chairman of Interactive Brokers. “The products and their markets have existed for fewer than 10 years and bear little if any relationship to any economic circumstance or reality in the world.”

The statement came as part of an open letter to Commodity Futures Trading Commissions (CFTC) Chairman J. Christopher Giancarlo that Peterffy paid to have published as a full-page ad in the Wall Street Journal. The letter had a clear purpose – to request that the CFTC would “require that any clearing organization that wishes to clear ... (read more)