Article: Government Ban on Bitcoin Would Be ‘Foolish’: SEC’s Hester Peirce

Crypto, Governance

Government Ban on Bitcoin Would Be 'Foolish': SEC's Hester Peirce - Decrypt  - FlipboardGovernment Ban on Bitcoin Would Be ‘Foolish’: SEC’s Hester Peirce

“I think we were past that point [of banning Bitcoin in the US] very early on because you’d have to shut down the internet,” Peirce said. “I don’t see how you could ban it. You could certainly make the effort. It would be very hard to stop people from doing it [trading Bitcoin],” she said. “So I think it would be a foolish thing for the government to try to do that.”

Though, as Peirce said, in reality this would be very difficult: technology will likely outpace the government’s attempts to limit Bitcoin use, since people will always be able to download Bitcoin wallet software, run a node, and make transactions as long as they have access to the internet. What may be more likely, in the short to medium term, are clearer Bitcoin regulations.

Read full article

Article: Bitcoin, crypto investors will be watching these 5 questions facing the Biden administration

Crypto, Governance

Bitcoin, crypto investors will be watching these 5 questions facing the Biden administration

Bitcoin BTCUSD, 0.78% has risen a staggering 548% during the past twelve months, while Ethereum ETHUSD, 1.61%, the second most valuable cryptocurrency, has gained roughly 690% during that time, according to FactSet, compared to a 71% rise for the S&P 500. But the fate of this rally could depend greatly on President Joe Biden and his administration’s regulatory stance to the burgeoning crypto economy, experts tell MarketWatch. Here are the five biggest regulatory questions the Biden administration will face in the coming months and years that will greatly impact cyrpto investors:

Read full article