Former SEC chief says regulator not equipped to take on bitcoin

From: Reuters

John McCrank

NEW YORK (Reuters) – Arthur Levitt, a former chairman of the U.S. Securities and Exchange Commission, said on Thursday he believed the regulator was ill equipped to deal with bitcoin, the digital currency that has seen a meteoric price rise, prompting concerns of a bubble.


“They have too many other issues that they are dealing with now that they don’t want to take on something as complex from a regulatory point of view as bitcoin is,” said the SEC’s longest-serving chairman, who held the post from 1993 to 2001.

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