Regulating the Unregulatable: The Digital Commodity Exchange Act’s Use- Based Approach to Cryptocurrency Regulation
Becky Powell Since the creation of Bitcoin in 2008, the cryptocurrency market has grown exponentially and remained relatively free from government oversight. Only within the last five years have federal agencies begun to regulate the risks the industry poses. Their response to date, though, has been piecemeal because they lack explicit, statutory jurisdiction over the industry. As a result, the cryptocurrency market faces several risks that threaten to derail its future growth. For one, the industry is a playground for criminal activity, including everything from money laundering to fraud to cyberattacks. The market is also extremely volatile, and consumers have...
Computer Fraud: Private Parties Dictating Criminal Behavior
Zachary Schapiro Computers have become a ubiquitous part of everyday life—used in the office and the home for a wide array of features. Prior to using a computer, people must agree to various software and website terms of use. Additionally, employers typically adopt computer use policies which prohibit use of a company computer for personal matters. Many people, either knowingly or unknowingly, violate these terms and policies. Is violating these policies and agreements criminal? Circuit courts disagree on the answer. In some jurisdictions, simple violations of a website’s terms of use or a company’s computer policies could result in criminal...
Hackback to the Drawing Board: Ambiguity and Risk in the Active Cyber Defense Certainty Act
Robert Andrea Cyber criminals, both state-sponsored and unaffiliated, are targeting private corporations and individuals more frequently. For several years, there have been calls for legislation that would allow private entities to defend themselves in cyberspace by “hacking back” against their attackers. The Active Cyber Defense Certainty Act is a recent proposal to amend the Computer Fraud and Abuse Act to permit private entities to take active defensive measures without exposing themselves to criminal liability. Although a well-intentioned proposal, the bill uses vague language to identify when, and against whom, private entities can take defensive measures. Enabling private entities to begin...