The Frontier of Cryptocurrency Regulation

The government is riding into crypto town with the promise that it can do a better job than the existing formal, disciplinary mechanisms. As government agencies consider how to regulate, they ought to take their lead from congress and actively consult the public who will be subject to and protected by the rules. I am eager to see what you accomplish on the crypto frontier once we set some sensible, clear regulatory parimeters. To paraphrase the standard closing words of a popular crypto podcast, which follow an appropriate warning about the riskiness of the space: You are headed west. It's not for everyone.