May 19, 2025 paper by Polina Kempinsky comparing the instant payment systems of Brazil and India, drawing lessons on their organizational structure, market impact, and unintended consequences to provide a framework for decision-makers in other regions considering the development of similar systems.
April 18, 2025, Opinion by Tim Massad, Howell E. Jackson and Dan Awrey: "Stablecoin regulation is pending in Congress. Here are six ways the proposals should be improved."
April 17, 2025, Podcast with Tim Massad and Howell E. Jackson: "Crypto is merging with mainstream finance. Regulators aren’t ready."
April 4, 2025, Paper by Dan Awrey, Howell E. Jackson and Tim Massad: "The paper aims to inform policymakers about how to craft legislation that promotes innovation while safeguarding financial stability and national security interests."
February 26, 2025, Congressional hearing: "With the growth of stablecoins and digital assets as well as fast payment systems generally around the world, we must make sure that the technology for cross-border payments flowing through the federal payments infrastructure remains at the cutting edge."
February 11, 2025 Congressional Hearing: "The hearing will examine existing use cases for digital assets and blockchain technology and explore why this technology holds enormous potential to revolutionize the American economy."
January 31, 2025 Interview on CNBC: Timothy Massad, former CFTC commissioner and Harvard senior fellow, joins ‘Squawk on the Street’ to discuss the Trump meme coin, the value behind the coin, and much more.
January 31, 2025, interview with Tim Massad: "The stated purpose of the Executive Order is to support the responsible development of digital assets in blockchain. I can't imagine an action that is more contrary to that stated purpose than issuing these meme coins just as he takes office."
April 17, 2024, article by Tim Massad: "The passage of time invites more opportunities for the unexpected to arise, for the crypto market to grow, and for illicit actors to become more sophisticated in their tools. That could make it harder to create the appropriate regulatory framework."
July 2023, Opinion: "Six months ago a path for the regulation of so-called crypto markets. A lot has happened since then, but the end goal—strong investor protection and market integrity—may still be several years away."
May 10, 2023, Testimony/Video: "Hearing Entitled: The Future of Digital Assets: Measuring the Regulatory Gaps in the Digital Asset Markets, No Excerpt, Hearing."
March 28, 2023, Video: "The CFTC has sued Binance on allegations that the crypto exchange offered unregistered crypto derivatives products and directed U.S. customers to evade compliance controls through the use of VPNs."
March 16, 2023, Interview: "The U.S. Securities and Exchange Commission (SEC) has stepped up its enforcement actions in the cryptocurrency industry after the November bankruptcy filing of crypto exchange FTX..."
December 15, 2022, Opinion: "The cryptocurrency market is in the throes of an extended crash, as the implosion of FTX rattled an entire sector already shaken by dramatic price drops and bankruptcies of major players."
December 4, 2022, Opinion by Jay Clayton and Tim Massad
On Nov. 30, 2022, DAPP hosted an all-day roundtable on stablecoin regulation, attended by approximately two dozen people, consisting of senior officials of the Biden Administration, leaders of stablecoin issuers and traditional financial institutions.
This PDF was used during the Stablecoin Regulation Roundtable the Digital Assets Policy Project hosted November 30, 2022.
This PDF was used during the Stablecoin Regulation Roundtable the Digital Assets Policy Project hosted November 30, 2022.
October 13, 2022, Paper by Tim Massad and Howell Jackson: "For the past decade, the development of appropriate regulatory standards for the crypto industry has been hampered by interminable debates over whether particular digital assets are securities or commodities or something else."
2022, Audio: "Stablecoin regulation has become a hot topic, and for very good reason. For one thing, it's an extremely fast growing space. Stablecoins are also a primary way that the crypto interacts with the banking system."
August 2022, Opinion by Dan Awrey, Howell Jackson, and Tim Massad: "While stablecoins could produce important consumer benefits and valuable competition in the payments space, current regulation of stablecoin issuers is woefully inadequate."
March 10, 2022, Opinion in Brookings: "As public debate heats up over whether the United States should create a central bank digital currency (CBDC), there is another option that deserves consideration: Treasury Accounts."
November 30, 2021, Audio: " Tim Massad, former chairman of the CFTC, tackles the challenges in designing a U.S. central bank digital currency, including how not to disintermediate banks—and why policymakers need to accelerate their discussions."
December 6, 2022, Opinion: "The implosion of FTX should lead us to strengthen regulation of crypto. But the diversity of reactions the exchange’s collapse has provoked may make it difficult to agree on a path forward, particularly one that improves investor protection without crippling innovation. "