Note: If you run out of time, watch the video and finish this Bell Ringer activity: What have you noticed? What did history make you think? What would you like to know more?
SUMMARY
Congress is preparing to adopt a series of bills which would be the first to regulate the cryptography industry. The Act on Engineering regulates stablecoins while the clarity law regulates the digital currency, sharing surveillance between Securities and Exchange Commission and the Futures Futures Trading Commission.
See transcription of history.
News alternative: Check Recent segments From the time of news, and choose the story that you are most interested in watching. You can Make a Google Doc copy of discussion questions It works for one of the stories here.
Warm -up questions
- What Are cryptocurrencies?
- For what Are “stablecoins” considered “the least risky digital assets”, according to Desjardins?
- WHO Are the two people interviewed in this video and what are their history?
- Which Has Act Patrick Mchenry helped write during his stay at the Congress?
- How Do the two guests agree concerning the regulation of cryptography?
Focus Questions
- What are the advantages and risks of having cryptocurrencies in our society?
- Do you think the advantages prevail over the risks? Why or why not?
- Hilary Allen notes that most “Americans do not have crypto” and have a “very unfavorable opinion of the crypto”. Do you think this attitude among Americans will change over time or will remain the same? Explain your answer.
Media literacy: How is the way in which cryptocurrencies are described change depending on who reports the story? Why is it important to consider the source when learning cryptocurrency?
What students can do
Crypto-money debate simulation
Assignment: Imagine that you are about to debate someone on the theme of cryptocurrency. Choose one side: either for cryptocurrency, or against cryptocurrency. No matter the side you choose. The purpose of this exercise is not to choose one side but rather to help you understand the two parties and to develop important research skills, including the ability to support your arguments with evidence.
Create a document that includes the following elements:
- Three solid arguments supporting your chosen team.
- Three possible arguments that the opposite side could use against your position.
- Your answers or counter-arguments to each of the arguments of the opposite team that you have identified.
- Some sentences explaining why it is important to understand the two sides of this debate.
Note: You must use facts and statistics from credible sources to save your arguments.
Written by Brooke Ingemi, the trainee and senior of PBS News Hour Classroom in Amherst College, and Luke Gerwe from News Hour.
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