Lawmakers Face Crypto Reckoning

Washington Post: “From the burst of the dot-com bubble at the turn of the millennium to the rampant privacy mishaps at Facebook decades later, federal policymakers historically have been slow to anticipate the troubles of the digital age. Only after massive, costly scandals have lawmakers and regulators been stirred to action, sometimes with less-than-desirable results.”

“The nascent world of cryptocurrency — where digital tokens replace dollars, investments and payments, all without the need for traders, governments or banks — has presented perhaps the most complicated challenge to date.”