# Multimedia 

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Events • December 2, 2021 

# New Technology and Old Rules: Constructing a Crypto Regulatory Framework – Banking Regulation 

Cryptocurrency regulation sits at the intersection of multiple regulatory regimes: financial markets regulators and banking regulators, among many others, have asserted authority over certain aspects of crypto regulation, which has resulted in an overlapping and incomplete regulatory framework that has drawn criticism from both proponents and skeptics of crypto innovation. So, how is cryptocurrency regulated? How should it be regulated? Who should regulate it? Cato’s Center for Monetary and Financial Alternatives is looking at these questions with a series that examines the roles of different regulators and considers what type of regulatory framework should be adopted to balance the risks and innovative potential of cryptocurrencies.

This second panel addresses the role of banking regulators in regulating cryptocurrency, focusing on the current state of banking regulation that relates to crypto and discussing the benefits and limitations of this regulation. Join Dan Awrey, Albert Forkner, and Jai Massari in a panel discussion moderated by Jon Hill from Law360 on how banking regulators should approach crypto regulation.

[![Creative Commons License](/build/cato_2020/images/creative-commons.svg)](http://creativecommons.org/licenses/by-nc-sa/4.0/) 
This work is licensed under a [Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License](https://creativecommons.org/licenses/by-nc-sa/4.0/). 

##### Featuring 

![Dan Awrey portrait](/sites/cato.org/files/styles/author_picture/public/2021-11/dan-awrey.jpg?itok=xgcUSrYu) 

##### Dan Awrey 

Professor of Law, Cornell University

[ 

](https://twitter.com/DanAwrey) 

![Albert Forkner](/sites/cato.org/files/styles/author_picture/public/2021-11/Albert-Forkner-Cropped.jpg?itok=vUFhGPyH) 

##### Albert Forkner 

Commissioner, Wyoming Division of Banking

[ 

](https://twitter.com/Jayhawkcowboy) 

![Jon Hill circle](/sites/cato.org/files/styles/author_picture/public/2025-08/jon-hill-circle.jpeg?itok=5qJJTyg9) 

##### Jon Hill 

*Law360*

[ 

](https://twitter.com/J_Y_Hill) 

![Jai Massari](/sites/cato.org/files/styles/author_picture/public/2021-11/jai-massai.jpg?itok=uR3xaVu5) 

##### Jai Massari 

Lightspark

[ 

](https://twitter.com/JaiMassari) 

[![New Jennifer Schulp cropped image](/sites/cato.org/files/styles/author_picture/public/2023-03/jennifer-schulp-cropped-2.jpg?itok=kdrnmhHr)](/people/jennifer-j-schulp) 

##### [Jennifer J. Schulp](/people/jennifer-j-schulp)

Former Director of Financial Regulation Studies, Center for Monetary and Financial Alternatives, Cato Institute