This weeks Retired Men’s Association speaker is Dr. David Yermack will clarify the newest developments within the quickly increasing area of cryptocurrencies.
In a January 2022 discuss to the RMA, Dr. Yermack defined the idea of decentralized digital currencies. Bitcoin, blockchain, tokens and different phrases have entered the lexicon however are nonetheless not totally understood by most individuals. Since then, many new types of cryptocurrency (such because the “stablecoin”) have been launched and seem like spreading, with out regulation, principally in industrial settings however with overtures for introduction at authorities stage.
Among the many many controversies and points are crime and illicit use (cash laundering, scams, frauds), regulatory and authorized challenges, weak oversight, dangers to customers and buyers (not backed by governments or central banks), privateness and safety considerations (hacking, theft of non-public data), environmental affect (large vitality necessities), and political and moral points (no public accountability or governance). Dr. Yermack will present his skilled perspective on these challenges and the potential for cryptocurrency to enter the mainstream.
David Yermack is the Albert Fingerhut Professor of Finance and Enterprise Transformation and former Chairman of the Finance Division at New York College’s Stern Faculty of Enterprise. He has been a member of the college since 1994, educating a full semester course on cryptocurrency along with his Regulation Faculty colleague Prof. Geoffrey Miller. Professor Yermack holds AB, MBA, JD, AM and PhD levels, all from Harvard.
Along with his analysis on cryptocurrencies, he has printed extensively cited papers on such various subjects as government compensation and company governance, choices in baseball participant contracts, incentive compensation for clergymen, tobacco litigation, fraudulent charitable contributions, CEO mansions, and the style trade.
He’s a frequent speaker on cryptocurrency to many audiences.
Our subsequent speaker, on August 13, can be Prof. Nelson Tebbe, Cornell Regulation Faculty, “2025 Replace on Constitutional Regulation on the Supreme Court docket” The Greenwich Retired Males’s Affiliation presents a free program each Wednesday that’s open to the general public, each males and girls; no reservations are required.
The RMA’s social break begins at 10:40 am adopted promptly by the presentation at 11:00 am.
