BitFury Group, a Bitcoin blockchain infrastructure provider and transaction processing company, has added James Newsome, the former chairman of the CFTC and former CEO of the New York Mercantile Exchange (NYMEX) and Hernando de Soto, the president of the Institute for Liberty and Democracy (ILD), to its advisory board, officials say.
The company has also set up a technology advisory board led by Bitcoin Core Developer Jeff Garzik, and Ernst & Young Americas Strategy Leader and the Internet of Things (IoT) expert Paul Brody to foster innovation, officials say.
Newsome was nominated by President Bill Clinton and confirmed by the U.S. Senate to be at first a commissioner and later the CFTC chairman, officials say. Newsome oversaw the CFTC’s regulatory implementation of the Commodity Futures Modernization Act of 2000 (CFMA).
Newsome also served as one of four members of the President’s Working Group for Financial Markets, along with the Secretary of the Treasury and the Chairmen of the Federal Reserve and the SEC.
In 2004, Newsome became the role of president and CEO of NYMEX where he managed daily operations of the physical derivatives exchange, officials say. He is also a founding partner of Delta Strategy Group, a full-service government affairs firm based in Washington, D.C.
Company officials say that other members of the BitFury advisory board are: a former deputy assistant attorney general in the criminal division of the U.S. Department of Justice (DOJ) and a former federal prosecutor Jason Weinstein; Samsung Electronics president and chief strategy officer Young Sohn; former chairman and CEO of UMC Jackson Hu; and founder and partner of Binary Capital Jonathan Teo.
BitFury Group is the leading Bitcoin Blockchain infrastructure provider and transaction processing company. Founded in 2011, BitFury has management offices in San Francisco, Washington, D.C. and Amsterdam, as well as data-centers in Iceland and the Republic of Georgia.
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