Questions for the Final Assignment You must answer each of the first three (3) Questions below. The last Question may be answered for extra credit (but you are not required to answer it). 1. Senator Elizabeth Warren has been a vocal advocate for the regulation of crypto assets, and she has not been bashful about stating the good, the bad and the ugly. Identify and analyze two points in each category of "good, bad and ugly" that Senator Warren points to (6 issues total). Do you agree or disagree with the Senator? 2. US Securities and Exchange Commissioner Gary Gensler has also been vocal about regulating crypto assets. Indeed, Commissioner Gensler has gone of record saying he needs no additional legislative action for the SEC to have full power to regulate many digital assets. Why does he think this? What is the Howey Test (state the test and the purpose of this securities law doctrine), and how might it relate to crypto assets? Do you agree with Commissioner Gensler? 3. Central Bank Digital Currencies ("CBDCs) have the potential to be a disruptive and transformative force in how we manage, use, distribute and exchange value to buy goods and services, make investments and carry on in our daily lives. What are CBDCs? Do you think CBDCs can be transformative and disruptive, or is this a fad that will quickly pass? Should the US Federal Reserve issue CBDCs? Extra Credit: Prof A truly believes YOU know more than he when it comes to digital assets. Offer one critique of the materials we studied for the last few weeks of class that Prof A should consider as he continues to refine the teaching exercise for cryptocurrency and other digital assets. Ideally, this one, singular suggestion will be of a topic that was not addressed at all in our class, but is critical to understanding this subject, and has ethical implications. This is your chance to teach the teacher, and I look forward to it. Questions for the Final Assignment You must answer each of the first three (3) Questions below. The last Question may be answered for extra credit (but you are not required to answer it). 1. Senator Elizabeth Warren has been a vocal advocate for the regulation of crypto assets, and she has not been bashful about stating the good, the bad and the ugly. Identify and analyze two points in each category of "good, bad and ugly" that Senator Warren points to (6 issues total). Do you agree or disagree with the Senator? 2. US Securities and Exchange Commissioner Gary Gensler has also been vocal about regulating crypto assets. Indeed, Commissioner Gensler has gone of record saying he needs no additional legislative action for the SEC to have full power to regulate many digital assets. Why does he think this? What is the Howey Test (state the test and the purpose of this securities law doctrine), and how might it relate to crypto assets? Do you agree with Commissioner Gensler? 3. Central Bank Digital Currencies ("CBDCs) have the potential to be a disruptive and transformative force in how we manage, use, distribute and exchange value to buy goods and services, make investments and carry on in our daily lives. What are CBDCs? Do you think CBDCs can be transformative and disruptive, or is this a fad that will quickly pass? Should the US Federal Reserve issue CBDCs? Extra Credit: Prof A truly believes YOU know more than he when it comes to digital assets. Offer one critique of the materials we studied for the last few weeks of class that Prof A should consider as he continues to refine the teaching exercise for cryptocurrency and other digital assets. Ideally, this one, singular suggestion will be of a topic that was not addressed at all in our class, but is critical to understanding this subject, and has ethical implications. This is your chance to teach the teacher, and I look forward to it
