A Libertarian think tank has taken aim at the U.S. Securities and Exchange Commission’s approach to cryptocurrency, claiming that the agency’s moves to rein in a crypto-bubble could stifle innovation and block access to middle-class investors.

In a white paper released Thursday titled “Cryptocurrency and the SEC’s Limitless Power Grab: Why Speculative Consumer Goods Are Not ‘Securities,’” John Berlau, a senior fellow at the Competitive Enterprise Institute, claims blockchain and cryptocurrency innovations have the potential to be as transformative as the internet. But Berlau cautioned that innovation could “come to a screeching halt under the weight of burdensome regulation.”

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]