RESEARCH: U.S. Regulation of Cryptocurrency

Resolved: Increased United States federal regulation of cryptocurrency transactions and/or assets will produce more benefits than harms.
BDC Evidence Packet (Cryptocurrency): 50+ Pages!
BDC "Shared" Folder (Cryptocurrency): Sample Speeches and Outlines
Additional PF Research (DebateUS!):
BDC Guest Lecture Series (Town Hall): "U.S. Regulation of Cryptocurrency "  (50+ mins)
DebateUS! (Lecture): "Understanding Cryptocurrency"
Champion Briefs (Lecture): "PF Topic Analysis (Cryptocurrency)"
DebateUS! (Demonstration Debate): "Cryptocurrency"

Regulation — simply the word was once enough to send a shudder down the spine of the crypto community. One of the primary drivers behind the success of blockchain is a libertarian, anti-establishment set of beliefs, and conceding to regulatory bodies in an attempt to fit into the existing financial framework seems to go against the beliefs upon which the blockchain ecosystem was built. Yet it has become abundantly clear in the past year that in order for blockchain to succeed, there will need to be some degree of assimilation with the traditional way of doing things. Sure, blockchain as a technology has given rise to true peer-to-peer borderless transfer of value, and innovative ways to raise capital or invest in promising projects, but we have also seen the other side of the coin: cryptocurrency being used as the primary exchange of value for illicit activities, and people taking advantage of the uneducated investor through scam ICOs. As nefarious and anti-crypto as regulation once seemed, some in the crypto community are slowly warming to, or even welcoming the impending increase in the regulation of the blockchain ecosystem. —Pros and Cons of a More Regulated Blockchain Ecosystem (John Wu, Hackernoon, January 16, 2019)

There is a gap in the regulation of crypto-assets that Congress needs to fix. The gap is contributing to fraud and weak investor protection in the distribution and trading of crypto-assets. Better regulation will benefit crypto investors, further the development of new technologies, curtail the use of crypto-assets used for illicit payments, and reduce the risk of cyber attacks, which can result in collateral damage elsewhere in our financial system. Crypto-assets cut across current jurisdictional boundaries and thus fall into gaps between regulatory authorities. While each of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) has some authority over crypto-assets, neither has sufficient jurisdiction, nor do they together. —It’s Time to Strengthen the Regulation of Crypto-Assets (Timothy G. Massad, Senior Fellow, Harvard University, 2019)

Some Recent Research Articles:
[Video] Biden administration recommends stablecoin issuers should be regulated like banks,
[Article] The Biden Administration Just Issued a Big Report on Cryptos. Here’s The Takeaway,

Explained: What are Bitcoin, blockchain and the cryptos shaking up the world of finance?,
Euronews, September 25, 2021 [Video: 4 min] NOTE: Please read the short article too.

Treasury announces new crypto tax reporting requirements,
CNBC News, May 20, 2021 [1 min]
NOTE: This could prove $700B-$1.6B from regulations. Does it also prove that existing regulations are working? Shmaybe!

Citadel Founder Ken Griffin speaks at the Economic Club of Chicago,
Ken Griffin, Founder of Citadel, Bloomberg TV, October 4, 2021 [3 min]
NOTE: Ken Griffin, is the founder of the Citadel investment firm (Top Expert).

Economist breaks down the bitcoin boom and possible regulation ahead,
CNBC News, January 25, 2021 [3 min]
NOTE: Philip Gradwell, is the chief economist of Chainalysis (Top Expert).

[OPTIONAL] Regulating cryptocurrencies: assessing market reactions,
BIS Quarterly Review, September 23, 2018 [2 min]


Explained: What are Bitcoin, blockchain and the cryptos shaking up the world of finance?,
Euronews, September 25, 2021 [Video: 4 min]  NOTE: Please watch the video too.

U.S. SEC Chair Says More Investor Protection Needed on Crypto Exchanges,
U.S. News & World Report, May 20, 2021

U.S. Officials Send Mixed Messages on Crypto Regulation...,
TIME Magazine, October 1, 2021

Washington Wants to Regulate Facebook’s Algorithm. That Might Be Unconstitutional,
TIME Magazine, October 13, 2021

[OPTIONAL] Pros and Cons of Cryptocurrency,
Joaquin Thul, Economist, EFG International, February 16, 2021
IMPORTANT: Just focus on the disadvantages and brainstorm ideas about how regulation could prevent or protect against these harms -- this is PRO side arguing!!!


[VIDEO] Were There Cryptocurrencies Before Bitcoin?,
Investopedia, August 26, 2021 [Video: 2 min]
Note: The article is interesting, but unlikely to help you in the debate.

It's Time to Strengthen the Regulation of Crypto-Assets,
Timothy G. Massad, Senior Fellow, Harvard University, 2019
NOTE: This paper is 100+ pages of "awesome" written by a top expert.

Regulators put cryptocurrency in crosshairs,
Prof. Scott Duke Kominers, Harvard University, Harvard Gazette, September 29, 2021

Berkman Klein’s De Filippi discusses recent gyrations,
Prof. Primavera De Filippi, Harvard Gazette, June 2, 2021
NOTE: Primavera De Filippi is a Director of Research at the National Center of Scientific Research (CNRS) in Paris, [and] Faculty Associate at the Berkman Klein Center for Internet & Society at Harvard University.

Crypto Regulation—Let's Begin and Begin Slowly | Opinion,
Newsweek, August 7, 2021 [Video: 2 min]
NOTE: Please read/skim the article too. INFO: Jake Ryan is author of Crypto Asset Investing in the Age of Autonomy and chief investing officer at Tradecraft Capital

Can The Government Regulate Cryptocurrency?,
NYU Dispatch, Last Accessed: October 2021

Regulating Crypto-Currencies Across The Globe,
Forbes Magazine, August 31, 2021

Jamie Dimon says bitcoin is ‘a little bit of fool’s gold’,
CNBC News, October 4, 2021
NOTE: Look closely at the crypto will shift overseas assertion.

Why regulators should treat stablecoins like banks,
The Economist, August 7, 2021

The SEC sets its sights on the crypto “Wild West”,
The Economist, August 7, 2021

Bill Eddy (aka "Coach Bill"),
714.655.8135 (I prefer text)
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