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<p><span>The topic of today&rsquo;s event is &ldquo;regulating the new crypto ecosystem.&rdquo; It is a hot topic of conversation in Washington, DC. The conversation reminds me of a book for toddlers,&nbsp;</span><span>Are You My Mother?</span><span>&nbsp;In that book, a newly hatched bird searches for his mother. He asks a cat, dog, hen, cow, and front-end loader, each of which disappoints the baby bird with the news that it is not the baby bird&rsquo;s Mom. Rest assured, baby bird and his actual mother are finally reunited. The crypto industry seems to be on a similar journey; only it is not looking for a mother, but is out looking for its regulator. In a bureaucratic twist on the story in the children&rsquo;s book, in our story, every agency claims to be the regulator. So crypto is looking to Congress to decide who ought to regulate it. A bipartisan bill announced last week attempts to answer that question.</span>

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