On this episode of Money Reimagined the discussion comes home for an insiders look at how new, disruptive technology and government interact. For this discussion, hosts Michael Casey and Sheila Warren of the World Economic Forum are joined by Marvin Ammori, best known for his work on network neutrality and Internet freedom issues. Rounding out the panel is Christopher Giancarlo, former CFTC chairman and founding principal of the Digital Dollar Foundation.---"My background is really 20 years of working on the internet. And I remember in the early days of the internet." said Marvin Ammori, "you know, one kind of piece of deja vu is what jumped out to everyone. The internet began with all the bad stuff. Congress couldn't believe there was porn on the internet. We had to protect the children from the number one thing that people noticed on the internet.And in fact, the first major case about the internet, had the Supreme Court upheld Congress's action, pretty much every website would have needed to get your credit card number and verify you're 18 to go on. The internet would have been for adults only."Marvin continued, "The entire trajectory of the internet would have been different, but luckily the Supreme Court pushed back on congressional action under the First Amendment. But the first impulse of congress 20 years ago with the internet was 'let's cripple this thing.' [...] We've seen all the tremendous benefits. [T]hings we could have never imagined back then. Now when it comes to cryptocurrency we see something similar."---"The first wave of the Internet was an internet of information. And interestingly, it emerged into a federal regulatory structure that was really a pretty light zone because of our First Amendment protections of freedom of speech," said former CFTC chair Christopher Giancarlo. "So the internet, actually, in the first case, it didn't face a lot of opposition, I think, Marvin is absolutely right. There was certainly calls in Congress for banning because of pornography, but at the end of the day, the Democrat White House of President Clinton, the Republican Congress under Newt Gingrich came up with the 'first do no harm approach.'And the internet flourished and a lot of lessons learned were 'don't ask permission, seek forgiveness', 'keep going until you break something.' And the first internet wave, the wave of information flourished pretty successfully.We're now in a new construct, where in fact what we're talking about, as an internet of 'things of value', whoa... Well, it's a very different construct. We have at least three federal bank regulators regulating holdings of people's things of value, market regulators in Washington. And then in every state level.And so this new wave of the internet is not running into a regulatory light zone. It's actually running into a regulatory heavy 'no go zone.' And we've seen the clash. I mean, just look at the ICO challenge a few years ago. That was a statement by one regulator that they were not conceding ground in this new internet of value. [... It's] a product of our past and our approaches and our constitutional liberties, but also these new technologies, new waves, the internet bring new challenges to old constructs that we haven't often been successful in working through."---On Dec. 18, the U.S. Treasury published a proposal to expand the Financial Crimes Enforcement Network’s requirements for identity monitoring and reporting by crypto exchanges. Under these proposed new rules, that powerful agency, known as FinCEN, would require exchanges to collect names and home addresses from the owners of private, self-custodied digital wallets that receive more than $3,000 in cryptocurrencies daily and to file special currency transaction reports about any wallet that receives more than $10,000 a day.The announcement prompted an outpouring of criticism from the crypto community and among digital rights activists. Many saw it as an attack on privacy. As of this recording, mor