Part 9/13:
Moreover, the discussion underscores the importance of laws that facilitate innovation without stifling development. Hester Pierce’s approach at the SEC is highlighted—regulations should not hinder software development or dismiss the importance of open-source innovation.
Distinguishing Bitcoin from Broader Crypto Legislation
A major challenge identified is the tendency of regulators to lump Bitcoin with broader crypto assets, which hampers its unique position. Many bills currently consider all crypto assets equally, risking restrictions or restrictions that could impede Bitcoin’s utility as a censorship-resistant money.