2. Regulating how Crypto is used - this, I think, is more Sidney's concern, but I don't see how you could limit/regulate transactions in practice.
Agreed...and this is why it is a valuable question/debate to ask.have.
I, however, can easily see how it could be limited (though harder to regulate).
"Real Estate, Securities and Banking under FDIC insurance shall not be performed in currencies not backed by a sovereign power."
Easy, peasy...
Corporate governance would be imposed on corporations who trade in the currency...not on the currency market itself. Simply add 'Whatever corporate stuff you want' to the
regulation.
Yep, a lot of people are excited with cryptomonies....
Agreed also.
A whole lot of folks were excited about Cold Fusion too...
At the end of the day, the only tool for broad brush is regulation.
Aside from that broad brush, it is pretty hard to avoid caveat emptor...and that didn't work out to well for derivatives as I recall...and they got regulated...so they changed the name and it's again caveat emptor for 'bespoke tranche opportunities'...
I'm a totally free market guy...with transparency.
I, personally, would opt for a requirement that public corporations and financial houses governed by the SEC be required to disclose how much of their stated value was in the form of crypto, and whether or not a financial instrument invested partially or fully in crypto.
Let people buy or sell or trade in whatever they want to...as long as you don't lie about what it is...