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​​​​​​➡️Brookings institute says the sec should regulate crypto-assets

A report from the Economic Studies program of US think tank, Brookings, claims better regulation will benefit the crypto industry. It states that crypto-assets currently fall into a jurisdictional gap, and that the SEC should fill that role.

The report immediately scores an own goal with the choice of title – “It’s time to strengthen the regulation of crypto-assets.”

This suggests that cryptocurrency itself is inherently insecure or in need of regulation, which is clearly not the case. The report actually discusses the regulation of cryptocurrency intermediaries, which, as recently noted by the Winklevii, is an altogether different thing.

Crypto Yoda
​​​​​​➡️Brookings institute says the sec should regulate crypto-assets

A report from the Economic Studies program of US think tank, Brookings, claims better regulation will benefit the crypto industry. It states that crypto-assets currently fall into a jurisdictional gap, and that the SEC should fill that role.

The report immediately scores an own goal with the choice of title – “It’s time to strengthen the regulation of crypto-assets.”

This suggests that cryptocurrency itself is inherently insecure or in need of regulation, which is clearly not the case. The report actually discusses the regulation of cryptocurrency intermediaries, which, as recently noted by the Winklevii, is an altogether different thing.
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How Does Bitcoin Mining Work?

Bitcoin mining is the process of adding new transactions to the Bitcoin blockchain. It’s a tough job. People who choose to mine Bitcoin use a process called proof of work, deploying computers in a race to solve mathematical puzzles that verify transactions.To entice miners to keep racing to solve the puzzles and support the overall system, the Bitcoin code rewards miners with new Bitcoins. “This is how new coins are created” and new transactions are added to the blockchain, says Okoro.

​​​​​​➡️Brookings institute says the sec should regulate crypto-assets

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