At the blockchain conferences and blockchain industry discussions over the last two years I had many chances to listen to talks about crypto regulation by the new gurus of the crypto. Being a tech law scholar for 20+ years, I was originally intrigued, but intrigue gave way to disappointment fast. I was baffled by over simplistic understanding of the law, that prevailed, and utter ignorance of the 100+ years of legal scholarship on regulating new technology. Unsurprisingly, not a single legal scholar was on the stage. Instead consultants, young lawyers turned lobbyists, and know-all tech gurus had their take. It…

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