A debate: Should crypto be regulated by the federal government?

Tuesday, December 20, 2022, 9:00 – 10:00 a.m. EST
Online: https://www.brookings.edu/events/a-debate-should-crypto-be-regulated-by-the-federal-government/ 

The explosion of interest in cryptocurrencies and the implosion of cryptocurrency exchange FTX shine a spotlight on the fact that today’s regulatory apparatus is ill-equipped to oversee this new financial technology. The Securities and Exchange Commission, the Commodity Futures Trading Commission, the Federal Deposit Insurance Corporation, the Comptroller of the Currency, and the Federal Reserve are all wrestling with how best to oversee crypto. Several proposals are circulating in Congress. One camp argues that the risks to consumers and to financial stability demand a new rulebook. Another argues that regulating crypto would give it legitimacy and that it would be best to leave it alone.

On December 20, the Hutchins Center on Fiscal and Monetary Policy and the Center on Regulations and Markets will host a virtual debate on this timely issue. Arguing for regulation will be Peter Conti Brown of Penn Wharton and a nonresident fellow in Economic Studies at Brookings, and against will be Stephen Cecchetti of Brandeis International Business School.

Viewers can send questions to events@brookings.edu, on Twitter using the hashtag #CryptoDebate or at sli.do using the code #CryptoDebate.