The Chamber of Digital Commerce's Perianne Boring and Amy Kim on Why U.S. Crypto Regulation Is Complicated and Confusing

Episode • Apr 17, 2018 • 1h 0m

If U.S. crypto regulation seems incredibly convoluted, this is the episode for you. Perianne Boring, the founder and president of the Chamber of Digital Commerce, and its global policy director and general counsel Amy Kim, discuss why U.S. regulation calls crypto assets currency, property, commodities and securities, and how that results in agencies enforcing their own laws without a higher level understanding of the technology. They also discuss what they call the "failure" of the regulatory regime that requires certain types of crypto companies to get licenses from 53 different states and territories and why no firms have so far even gotten close. They also advocate for the technology to be taxed more like currency than property, claiming that the current classification stifles usage of cryptocurrencies as currencies. We also dive into juicy questions like whether ether, which was sold in what we would now call an initial coin offering, is a security and what self-regulation of the crypto space could look like.

Chamber of Digital Commerce: https://digitalchamber.org/

Token Alliance: https://digitalchamber.org/initiatives/token-alliance/

Previous episodes on Unchained and Unconfirmed that touched on regulation:

Live from SXSW: Michael Casey and Paul Vigna, Co-Authors of The Truth Machine, on Why the SEC Has Issued Subpoenas to ICOs

http://unchainedpodcast.co/live-from-sxsw-michael-casey-and-paul-vigna-co-authors-of-the-truth-machine-on-why-the-sec-has-issued-subpoenas-to-icos

Caitlin Long on How 'Utility Tokens' Are Now Legal In Wyoming

http://unconfirmed.libsyn.com/caitlin-long-on-how-utility-tokens-are-now-legal-in-wyoming

SXSW Episode: Former DOJ Prosecutor Kathryn Haun on What the SEC Subpoenas and FinCen Letter Likely Mean

http://unconfirmed.libsyn.com/sxsw-episode-former-doj-prosecutor-kathryn-haun-on-what-the-sec-subpoenas-and-fincen-letter-likely-mean

The Tax Rules That Have Crypto Users Aghast

http://unchainedpodcast.co/the-tax-rules-that-have-crypto-users-aghast

How Crypto And Blockchain Technology Should Be Regulated