The ESG Initiative at the Wharton School

Wharton@RegTech Workshop Series

The Zicklin Center for Business Ethics Research at the Wharton School of the University of Pennsylvania hosts the invitation-only meetings on the regulation, self-regulation, and co-regulation of token offerings from a multi-jurisdictional perspective.

The meetings focus on the following areas:

  • The economic reality of different types of tokens and issuance structures.
  • Review of current domestic and international regulatory approaches.
  • Potential harms from no regulation vs. potential harms from excessive regulation, and possible approaches to a balanced regulatory framework.
  • Possible “regulatory stack” (capital markets/securities law, company/organizational law, further contractual classifications, property law, tax law, anti-money laundering & anti-terrorism funding regulation).
  • The impact of different types of tokens and issuance structures on prospective regulatory approaches, including “certified best practices” and safe harbor approaches.
  • Questions around regulated entities, liability and enforcement in decentralized ecosystems.
  • Cross-jurisdictional alignment and enforcement issues.
  • Technical opportunities for evidence-based compliance and enforcement.
  • Experiences from similar regulatory challenges (e.g. lessons learned from crowdfunding regulation or the continuous adaption of capital market/securities laws to economic realities).
  • Comparison of national approaches.
  • Economic realities of different types of tokens and issuance structures.
  • Secondary market trading in cryptocurrency tokens.
  • Evidence from the development of the market to date.
  • Technical mechanisms to facilitate regulatory and legal compliance.
  • Self-regulatory and co-regulatory approaches.

The event will be conducted under Chatham House Rules to encourage open conversation. We will encourage all attendees to actively contribute to interactive discussions.