BitFury welcomes ex-CFTC chairman Dr. James Newsome to Advisory Board

BitFury, the international company engaged in constructing and managing data centers for Bitcoin mining, has obviously been working on enhancing the image of virtual currencies. It was in March this year that the company said that former head of the U.S. Justice Department’s criminal division Jason M. Weinstein joined BitFury as an adviser.

The company is now keeping up with the efforts in this respect and today announced two new high-profile additions to its Advisory Board.


Dr. James Newsome

The first newcomer is Dr. James Newsome, former Chairman of the Commodity Futures Trading Commission (CFTC) and former chief executive of the New York Mercantile Exchange (NYMEX). Newsome was responsible for guiding the regulation of the US futures markets. In addition, he led the CFTC’s regulatory implementation of the Commodity Futures Modernization Act of 2000 (CFMA).

In 2004, Newsome became President and Chief Executive Officer of the New York Mercantile Exchange (NYMEX). He is currently a founding partner of Delta Strategy Group, a government affairs firm located in Washington, DC.

“It is an honor to be selected to serve on the Advisory Board of BitFury,” commented Dr. Newsome. “The forward thinking approach by BitFury founders and management team regarding education, regulation and support for the entire Blockchain community are perfectly aligned with my views. I look forward to working with the BitFury team to continue to build upon our tremendous momentum.”


Hernando de Soto

The second addition to BitFury’s Advisory Board is Hernando de Soto, President of the Institute for Liberty and Democracy (ILD).

Over the last 30 years, he and his colleagues at the ILD have been enganged in designing and implementing legal reform programs combat poverty in Africa, Asia, Latin America, the Middle East, and former Soviet nations. Mr. de Soto also co-chaired with former US Secretary of State Madeleine Albright the Commission on Legal Empowerment of the Poor, and presently serves as honorary co-chair on various boards and organizations, including the World Justice Project.

“I am delighted to accept BitFury’s invitation to join its Advisory Board,” commented Hernando de Soto. “This group combined with Blockchain technology is undertaking what may just be one of the most significant contributions to the history of organizing knowledge.”

BitFury also announced the opening of a representative office Washington, D.C., thus staying close to regulators and decision makers.

The company has also established a technical advisory board bringing on Jeff Garzik, CEO of Dunvegan Space Systems and one of the five original Bitcoin Core developers and Paul Brody, Americas Strategy Leader for the Technology Sector at Ernst & Young and renowned IoT expert.

“We are welcoming Paul Brody and Jeff Garzik to our newly established technology advisory board,” said Valery Vavilov, BitFury CEO. “Paul is a renowned evangelist for the use of Blockchain technology for the IoT and Jeff keeps the integrity of the Bitcoin Core. We are grateful for the opportunity to tap into this wealth of knowledge and expertise.”

To view the press release by BitFury on the new additions to its Advisory Board, click here.

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