From: Jeremy Rubin Sent: Thursday, November 12, 2015 4:58 PM To: Jeffrey Epstein; Joichi Ito; Bryan Bishop Subject: CFTC to regulate bitcoin

Hi Jeffrey, Joi,

Bryan (CC'd) is doing som= work looking at how cftc is trying to regulate bitcoin options trading. S=e his note to me below

"""so, cftc is making a decision by the end of the month about whether to regulate bitcoin for options trading- and we need them to say yes... but they are presently confused about jamie dimon's comments saying bitcoi= is irrelevant, only blockchain matters.

so to this end we are drafting an =pen letter that says why bitcoin matters and why database tech isn't t=e goal here and i am passing around to core de=s https://docs.google.com/document/d/1GpcLG-9PrK8Z6ZPIOQ-u1VDEIC1c=qlhOXvNiCmjHkDSg/edit#heading=h.m151wtu6dr44 <https://docs.google.com=document/d/1GpcIG-9PrK8Z6ZPIOQ-u1VOBQc7qlhOXvNiCmjHkOSg/edit#heading=h.m=51wtu6dr44> the What unregulated? draft do letter: you think Have of you the talked lett=r? with Is Bryan Jamie right about to this ask stuff for regulation? at all? (Bry=n, Are feel there free advantages to add more to trying questions) to=stay

My hunch is that regulation is bad, but opti=n trading is good. Bitcoin accepting companies suffer because they can'=t stomach the volatility without options. Are there orkarounds to get the =est of both?

Bes=,

Jer=my

--<r>@JeremyRub=n <https://twitter.com/JeremyRubin> <https://twitter.com/JeremyRubin>