Opinion


Opinion

Sweeping Crypto Regulation? First Update the Bank Secrecy Act

The BSA’s surveillance framework is ingrained within U.S. regulators’ compliance culture – but it doesn't work for crypto.

Legislators are proposing sweeping crypto regulations, Mark Lurie writes for CoinDesk's Policy Week. (Orjan F. Ellingvag/Corbis via Getty Images)

Opinion

A 5-Pronged Approach to Sensible Crypto Regulation After FTX

Mike Belshe, CEO of BitGo, makes the case to improve oversight of stablecoin reserves, separate trading and custody accounts and minimizing the use of "omnibus wallets."

"The FTX collapse guarantees that crypto regulation will be on the U.S. legislative agenda for 2023, at long last," says Mike Belshe. (Zoltan Tasi/Unsplash)

Opinion

How Policy Shaped Crypto’s Banking Prospects

A more regulated industry will have an easier time establishing banking relationships.

Sen. Elizabeth Warren (D-MA) questions executives of the nation's largest banks during a Senate Banking, Housing, and Urban Affairs Committee hearing on Capitol Hill September 22, 2022 in Washington, DC. (Drew Angerer/Getty Images)

Opinion

Why Tax Deferral for Crypto-to-Crypto Like-Kind Exchanges Would Be Good for Us All

The U.S. Congress should update the tax code to treat digital assets like other types of valuable property such as real estate.

US Capitol Building Washington DC (Getty Images)

Consensus Magazine

The World's Best Crypto Policies: How They Do It in 37 Nations

What can the United States learn from regulation around the world? Jeff Wilser takes a grand tour.

(Nick Fewings/Unsplash)

Opinion

What If Regulators Wrote Rules for Crypto?

The SEC and CFTC are unlikely to issue new rules covering crypto this year. But, if they did, calls from policymakers to regulate through rulemaking rather than enforcement offer a useful way forward, says Michael Selig, an attorney at Willkie Farr & Gallagher.

SEC Chairman Gary Gensler (Anna Moneymaker/Getty Images)

Opinion

Can Banks Issue Stablecoins?

There is no law that bans U.S. banks from issuing paper or digital private banknotes, American Institute for Economic Research senior fellow Thomas Hogan writes.

Thomas Hogan argues that because the issuance of redeemable notes by private banks, in paper or electronic form exists in the U.S., firms should be able to issue stablecoins to their users. (K8/Unsplash)

Opinion

Privacy Is a Human Right – and the 118th Congress Must Defend It

U.S. lawmakers must prevent the further erosion of our privacy rights by defending our right to use privacy-preserving tech and passing laws against unreasonable and constant digital surveillance.

U.S. lawmakers must prevent the further erosion of our privacy rights by defending  privacy-preserving tech and passing laws against unreasonable and constant digital surveillance. (Chris Yang, Unsplash)

Opinion

Bad Vibes from the Word 'Crypto' Have Some Calling for a Rebrand

Money-making associations with cryptocurrencies misrepresent them as just currencies and fail to acknowledge the diverse applications of the technology.

(solidcolours/GettyImages)

Opinion

Bitzlato, Binance and What Regulators Are Really Doing

The U.S. Department of Justice was criticized for over-hyping the seizure of a little-known exchange.

(Etienne Girardet/Unsplash)