It's really hard to decide how much time to spend on basics of the tech before moving into legal questions. I wish students could have a full course on the tech, its historical antecedents, its history over the last few years, key players in the space, etc.
We dug hard into language & conceptual issues early in the course to highlight the uncertainty around the tech's basic characteristics (decentralization, immutability, etc).
-Uncertainty. Around the tech, terminology, law.
-Complexity. Around the tech, US laws/regulatory agencies, international regulatory competition.
-Rediscovery of why laws/governance exist.
-Need for critical, creative thinking.