Former President Bill Clinton famously stated, “The internet should be a place where government makes every effort … not to stand in the way, to do no harm.” The year was 1997 and the quote was a precursor statement to the release of a seminal report by the U.S. government, called Global Framework for Electronic Commerce. The report’s central thesis was known as the “Do no harm” policy, consisting of specific recommendations for not taxing, regulating, or restricting the (then) embryonic and key promise of the internet: global electronic commerce. That thesis is resonating today as context for the regulatory drama that is currently unraveling around the blockchain. Source.
