Decoder with Nilay Patel Can the law keep up with crypto? With professor Tonya Evans
Feb 22, 2022
In this discussion, Tonya Evans, a law professor at Penn State Dickinson Law, dives into the intersection of law and cryptocurrency. She argues for the adaptation of existing legal frameworks to embrace digital assets like NFTs and DAOs without losing the core principles of intellectual property. Tonya shares her journey from skepticism to advocacy, emphasizing the cultural shift towards mainstream crypto. The conversation also highlights real-world challenges in copyright enforcement in the digital age and the legal labyrinth DAOs must navigate to find legitimacy.
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Crypto's Mainstream Turn
- Crypto is gaining mainstream attention, but it's still early days.
- Traditional financial institutions are now paying attention due to customer demand and market share concerns.
Disruption Through Deregulation
- Tech companies often disrupt incumbents by ignoring regulations that cost incumbents money.
- Crypto, initially about decentralization, now sees companies adopting this strategy.
YouTube's Copyright Approach
- YouTube gained dominance by initially disregarding copyright law, like many tech companies.
- This strategy involves moving fast, breaking things, and dealing with legal consequences later.