Timothy Massad is a research fellow at the Mossavar-Rahmani Center for Business and Government at the Kennedy School of Government at Harvard University and the director of the center’s new Digital Assets Policy Project. He is also a nonresident scholar at the Brookings Institution and a consultant on financial regulatory and fintech issues. Massad served as chairman of the U.S. Commodity Futures Trading Commission from 2014 to 2017. Under his leadership, the agency implemented the Dodd–Frank reforms of the over-the-counter swaps market; harmonized many aspects of cross-border regulation, including reaching a landmark agreement with the European Union on clearinghouse oversight; declared bitcoin and virtual currencies to be commodities; and enhanced cybersecurity protections. Previously, Massad served as the assistant secretary for financial stability for the U.S. Department of the Treasury. In that capacity, he oversaw the Troubled Asset Relief Program, the principal U.S. governmental response to the 2008 financial crisis. Massad was with the Treasury from 2009 to 2014 and also served as a counselor to the Treasury secretary. Prior to his government service, Massad was a partner in the law firm of Cravath, Swaine & Moore LLP. His practice included corporate finance and derivatives, and he managed the firm’s Hong Kong office from 1998 to 2002. His articles and podcasts on crypto and financial regulation can be found at Brookings, as well as the Wall Street Journal, Barron’s, Bloomberg, and other outlets. He received a J.D. from Harvard Law School and a B.A. from Harvard College.