The DAREC Library
| Medium
Are Cryptocurrency Exchanges the Next Iteration of an Exchange?
By Jimmie Lenz
Cryptocurrency exchanges act as the broker, the exchange, the clearinghouse, and in many cases, the custodian—streamlined, and almost instantaneous.
| Duke FinReg Blog
Beware of the Bitcoin Balance Sheet
Cryptocurrencies are notoriously volatile. Therefore, public firms invested in cryptocurrency are unnecessarily risking wild swings in earnings.
| Medium
Yes, GameStop and Robinhood Will Change Things
By Jimmie Lenz
Much of the hand-wringing over Robinhood’s activities around Gamestop can be seen in terms of the same thing—a quantification and transference of risk.
| Duke FinReg Blog
The Custody of Cryptocurrencies: Office of the Comptroller of the Currency Opens the Door for Banks to Take Part in the FinTech World
Custodians are exposed to liquidity risk due to intra-day maturity mismatches. These risks may be amplified by the volatile and highly technical nature of cryptocurrency.
| Duke Public Law & Legal Theory Series No. 2020-67
Cryptocurrency and the State: An Unholy Alliance
In choosing next steps, Congress and regulators must be careful to ensure that regulatory clarity does not come at the expense of sovereign authority.