Crypto 2022: Policy Week

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.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.…