Op-Ed: Getting Crypto Firms to Do Their Work Within the Bounds of the Law
March 9, 2023
The full version of this Op-Ed was published in The Hill
When I taught a course on blockchain and money at the Massachusetts Institute of Technology, I asked my students every semester who they thought Satoshi Nakamoto was.
To this day, no one knows. Nakamoto’s anonymous identity is part of the creation myth of finance without trusted third parties – a new way to move value on the internet, with the goal that there would be no government oversight or central intermediaries like banks.
Since antiquity, however, the financial world has been built on trust and the rule of law.