Introducing Crypto 2022: Policy Week

For years officialdom wanted nothing to do with the crypto sector. Whatever bitcoiners said about changing the world, policymakers largely ignored it.

Even during the 2017 initial coin offering (ICO) boom, which involved plenty of money and plenty of fraud, regulators were arguably slow to react, issuing market guidance only months after the fact. Crypto was hardly a priority.

In 2021, everything changed.

Nik De: What I Learned About Crypto Regulation From a Week in DC

David Z Morris: Lassoing the Stallion: How Gensler Could Approach DeFi Enforcement

Some NFTs Are Probably Illegal. Does the SEC Care?

Stablecoins Not CBDCs: An interview with Rep. Tom Emmer

Crypto Learns to Play DC’s Influence Game

Kristin Smith: Crypto Is Too Big for Partisan Politics

Lyn Ulbricht: Put America’s Geeks to Work, Don’t Cage Them

Preston J. Byrne: Decentralization’s Challenge to Policymakers Is Coming

Bitcoin ETFs Aren’t New. Here’s How They’ve Fared Outside the US

The View From Brussels: How the EU Plans to Regulate Crypto

Raul Carrillo: In Defense of OCC Nominee Saule Omarova

The fight in the U.S. Congress over a crypto tax provision in President Joe Biden’s bipartisan infrastructure bill was widely seen as a turning point. For the first time, politicians saw an opportunity to raise revenue from a flush industry. And crypto realized it had to fight like any other Washington lobbying group.

At the same time, central bankers started talking about crypto’s systemic importance, even comparing digital assets to the subprime mortgages that blew up the world economy in 2008. The International Monetary Fund (IMF) even likened crypto to COVID-19 and climate change.

Just last week, the Securities and Exchange Commission approved bitcoin’s first futures-based exchange-traded fund (ETF), another major milestone on the road to adoption.

Layer 2′s “Crypto 2022″ series started with Policy Week in October, followed by Future of Money Week in November and Culture Week this week. GET ALL THE CONTENT HERE.

In short: Ignored no more.

CoinDesk’s Policy Week package – part of a wider look-ahead initiative we’re calling Crypto 2022 – is a comprehensive look at how crypto is coming under increasing regulatory and legislative scrutiny and how the industry is responding.

We have special reports on how the crypto lobby is muscling up in Washington, D.C., the outlook for decentralized finance (DeFi) and stablecoins, and how non-fungible tokens (NFTs) are likely to interest the SEC next year. We report on the U.S. picture and check in with China and the European Union as well. We look at where bitcoin exchange-traded funds are already allowed and barred. And we hear from policymakers, entrepreneurs, advocates and detractors, academics and acolytes, all in the name of offering a guide for our readers, viewers and listeners.

This is Policy Week. Dig in.

DeFi Is Like Nothing Regulators Have Seen Before. How Should They Tackle It?

Bennett Tomlin: What Stablecoins Might Become

Gensler for a Day: How Rohan Grey Would Regulate Stablecoins

Alex Adelman & Aubrey Strobel: Kill the BitLicense

Opinion: How to Do Business as a DAO