Lempress: State jurisdictions provide safer regulatory laboratories than federal mandates
Mike Lempress · a16z Podcast | The Blockchain, in Congress · Jan 2, 2019 · at 13:48
Mike Lempress, Chief Legal Officer at Coinbase, compares state-level policy experimentation with sweeping federal regulation for emerging technologies.
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“I mean, one of the nice things in an emerging technology space, Is if you have 50, actually I think there's 55 different state jurisdictions because of territories and things like that, looking at it, if somebody makes a misstep, we can correct, or people can, the states actually can serve as a laboratory to learn from each other, whereas when the federal government acts, it's a giant step in one direction or another.”
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