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  1. This is from last month published by the Cato Institute... it seems like a thoughtful and and in-depth exposition of a question that has been on all of our minds... (The Cato Institute is a public policy research organization — a think tank — dedicated to the principles of individual liberty, limited government, free markets and peace. Its scholars and analysts conduct independent, nonpartisan research on a wide range of policy issues.) https://www.cato.org/about Should Cryptocurrencies Be Regulated like Securities? By Diego Zuluaga June 25, 2018 https://www.cato.org/publications/cmfa-briefing-paper/should-cryptocurrencies-be-regulated-securities#full "Cryptocurrencies are a new and promising technology, the benefits of which remain little understood and hotly disputed. Policy uncertainty and ambiguous statements by financial regulators further complicate an assessment of the risks and rewards that ownership of this asset class can bring." "Yet, the answer is not to clamp down on cryptocurrencies. Volatility, as long as it is not caused by fraudulent or illegal market behavior, is not a regulatory concern. Rather, the goal of regulators should be to provide confidence in the stability of the regulatory framework by defining how cryptocurrencies fit within existing rules. Such regulatory certainty need not come at the expense of the accessibility of blockchain technology to firms and individuals."
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