Mr. Arthur Levitt, one of the longest serving Chairman of the SEC, is going work closely with Bitpay and Vaurum. Mr Levitt is working with both companies to monitor business practices as well as help develop new ways to market and refine this new form of currency.
Mr Levitt phrased it as follows: “ Bitcoin is a fascinating new product in the rapidly changing world of financial services. it may also become a more stabilising as well as a counter balance factor for our current financial system. As one of the chairmen of the SEC I can help guide both companies to a brighter and more productive future.