5. Why do we need cryptocurrencies? Are cryptocurrencies a security for the purposes of securities regulation? Why or why not? Explain, with reference to different types of cryptocurrencies and the ongoing regulatory debate. 6. What types of crowdfunding regulation are most desired by entrepreneurs vs Investor vs portals: limits on investment, limits on capital raising, education, redemption rights, advertising, trials, time period restrictions, other? What do your answers imply about the race-to-the-top or race-to-the-bottom in crowdfunding regulation