The president's anticipated executive order stopped short of feared regulations but suggests federal unease with uncontrolled development. One of the surest fire ways for a government to look like it's doing something is to commission a report. President Joe Biden's hotly anticipated executive order on cryptocurrency released last week was chock full [...]
The government controls on the traditional banking system also apply to custodial cryptocurrency services. Things are getting pretty wild up in Canada. While other countries are removing their COVID restrictions, our neighbors to the north have decided to invoke emergency powers to seize the bank accounts of those who oppose lockdowns and mandates. [...]
A House Energy Subcommittee Hearing entertains dangerous and disingenuous rhetoric against technologies for freedom. If you are a government that wants to stop bitcoin, what can you do? Can you make people think it is killing the planet? Authoritarian governments try. The Chinese Communist Party—ever the tree-huggers—clamped down on cryptocurrency last [...]
The U.S. dominated the mining marketplace in 2021. It's something of a running joke that China bans bitcoin every year. It's not hard to see why the famously centralized Chinese state might look askance at a fundamentally decentralized and uncontrollable tool for monetary sovereignty, especially at a time when the CCP is [...]
Politicians attack dollar-backed cryptocurrencies called “stablecoins” and the decentralized finance it enables. The United States federal government is pretty insecure these days. Inflation is high, discontent higher, and no one is quite sure how to sort out our monetary mess. Government agents will not examine their bad choices and change course. They will [...]
ANDREA O'SULLIVAN September 14, 2021 Cryptocurrency is far from unregulated. In the United States, it is often overregulated. This is a big enough problem when the rules are too numerous or onerous. But to make matters worse, the rules can also be vague. And as a cherry on top, regulating agencies may [...]
How A Sneaky Crypto Crackdown Plot Blew Up the Infrastructure Bill Cryptocurrency advocates fight back against major government overreach. There's a lot to dislike about the so-called "infrastructure bill." It's a trillion-dollar spending package in a time of creeping inflation. Much of it has nothing to do with "infrastructure" at [...]
By Andrea O'Sullivan Whenever Bitcoin makes news, there is usually a good amount of confusion amid the headlines. This is the case with the recent story about the Colonial Pipeline ransomware hack. It is fantastic that pipeline billing operations have since resumed, and that federal agents have recovered much of the ill-gotten funds. But it [...]
Platform censorship results from centralized design. Cryptocurrency techies are building decentralized alternatives. If you want to build cryptocurrency applications, there are few better places to be than Miami these days. Set aside the great weather and established financial industry for a moment. By moving to Florida, fintech firms can not only enjoy [...]
By Andrea O'Sullivan, Director of the Center for Technology and Innovation, The James Madison Institute CLICK HERE TO READ THE FULL PDF Introduction Florida can and should become a leader in the advancement of cryptocurrency. In one short decade, Bitcoin (the most widely known cryptocurrency) has grown from a little-known [...]
