# kaal:claim:3808873-023

**Claim.** Government controlled regulation of the evolving digital asset space was perhaps the leading decentralization neutralizer of the early 2020s, as regulators sought to fit decentralized solutions into existing regulatory infrastructure and discussed but did not seriously consider carve outs and safe harbors.

**Type.** failure  **Support.** argued

**Holds when.**

- United States digital asset regulation in the early 2020s

**Source quote.**

> In the early 2020s, government-controlled regulation of the evolving digital asset space was perhaps the leading decentralization neutralizer.

**From.** Wulf A. Kaal, *Decentralization Neutralizers* (2021), IX. Regulation, page 20

**Cite as.** Wulf A. Kaal, Decentralization Neutralizers (2021). SSRN: https://ssrn.com/abstract=3808873

**Verify.** sha256 of source PDF `f11493915e6b8c266d421510b5546816e33defb5650aac9d09b20d78549da727` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202021%20-%20Decentralization%20Neutralizers.pdf

**Failure mode.** Regulatory Retrofit Neutralizer  (family: innovation-chilling)

**Topics.** securities-law

**Keywords.** regulation, sec, digital-assets, safe-harbor

**Related claims.**

- restates: https://wulfkaal.github.io/claims/3782201-029

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.