Incarcerating Cryptocurrency

Incarcerating Cryptocurrency
The headquarters of the U.S. Securities and Exchange Commission in Washington on May 12, 2021. (Reuters/Andrew Kelly
Thomas McArdle
Updated:
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Commentary

The good news is that a Republican congressman who believes in the financial liberty afforded by cryptocurrency is interim speaker of the House and might put legislation preventing regulatory overkill on a faster track. The bad news is that the disparity within the Biden administration over what crypto actually is—a security? a commodity? an exotic new element foreign to this planet?—could be the chaos that prefigures constriction.

Thomas McArdle
Thomas McArdle
Author
Thomas McArdle was a White House speechwriter for President George W. Bush and writes for IssuesInsights.com
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