a.i & blockchain

how new u.s. restrictions could result in a blockchain brain drain

Whether washington takes a heavy-handed or light-handed approach to cryptocurrency regulation might make a multi-trillion-dollar difference in the coming years. it is vital that legislators construct legislation in such a way that the hazards of this new technology are minimized while the benefits are maximized. the united states become what it is today by adopting a prudential regulatory strategy.

regulating cryptocurrency isn’t always a bad thing; it’s an important step toward universal acceptance. if policymakers give in to bitcoin skeptics and adopt a rigorous regulated approach, the u.s. would miss out on economic rewards. the risks of new technology must be mitigated while simultaneously allowing it to provide benefits, therefore politicians must define regulation. congress accomplished this in the 1990s with the assistance of the internet.

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