Strauss Fellow Kian on What Cryptocurrencies Accomplish and How They Should be Regulated
Nov 2, 2021 | Technology, Security, and Global Affairs
Sina Kian, Fellow in the Strauss Center’s Program on Technology, Security, and Global Affairs, recently published a two-part series on the fundamentals of cryptocurrencies.
Part 1 explains why cryptocurrencies are an essential part of how blockchains work — and why Americans should care about fostering a policy and business environment that allows blockchain innovation to flourish.
Part 2 discussed whether cryptocurrencies should be considered “securities” under the federal securities laws. Kian notes that, in most cases, “the structure of the securities laws is inconsistent with applying them to decentralized cryptocurrencies.” The piece concludes by proposing a simple two-question test to dispel regulatory uncertainty that is impeding blockchain innovation.