Craig Wright, the Self-Proclaimed Satoshi, Answers CFTC’s Request for Input on Crypto Markets

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Steve Anderrson
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic

Disputably self-proclaimed “Satoshi Nakamoto” and nChain boss researcher Craig Wright have apparently submitted two close indistinguishable comments letters to the United States Commodity Futures Trading Commission (CFTC). Wright filed his two reports on Feb. 15 in response to the agency’s request for industry input and feedback on Ethereum (ETH’s) mechanics and market.

The closing deadline for responses to CFTC’s request for input (RFI) was Feb. 17, the agency has outlined its reasons behind gathering the information as follows:

“The input […] will advance the CFTC’s mission of ensuring the integrity of the derivatives markets as well as monitoring and reducing systemic risk by enhancing legal certainty […] The RFI seeks to understand similarities and distinctions between certain virtual currencies […] as well as Ether-specific opportunities, challenges, and risks.”

Both of the comment letters to the CFTC attributed to Wright insist his case to have worked “under the pseudonym of Satoshi Nakamoto,” with which he purportedly “completed a project […] began in 1997 that was recorded with the Australian government to some extent under an AusIndustry project registered with the Dept. of Innovation as BlackNet.”

BlackNet — a supposed precursor to Bitcoin (BTC) — was submitted to the Australian government by 2001, as per a Feb. 10 tweet from Wright.

The tweeted BlackNet venture has started an impressive discussion over the previous week, given Wright’s professes to have finished it seven years previously the production of the Bitcoin white paper, just as its remarkable similarity to the textual detail of the latter.

In his remaining comments to the CFTC on Feb. 15, Wright reportedly claimed that:

“The amount of misunderstanding and fallacious information that has been propagated concerning bitcoin […] has resulted in my choice to start to become more public. The system I created was designed in part to end fraud as best as that can be done with any technology. The lack of understanding […] has resulted in […] a dissemination of old scams.”

Besides Wright, various crypto industry figures have reacted to the CFTC’s FIR, including individuals from the Ethereum Foundation, Coinbase, Consensys, and blockchain consortium R3. As revealed, Chicago-based crypto exchange ErisX used its comment letter to the CTFC to argue a case for the prospective positive impact of regulated ETH futures contracts.

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