The Outlook for Measured Crypto Regulations in the US
Introduction Blockchain technology and crypto assets have seen tremendous growth in adoption and use cases in the United States over the past decade. Bitcoin and other cryptocurrencies have risen from obscure digital assets traded by tech enthusiasts to become a nearly $2 trillion market used by millions of Americans. Beyond just cryptocurrencies, blockchain technology is also being explored for a wide range of potential applications, from supply chain tracking to medical records and identity management, by enterprise blockchain development services and blockchain development companies . However, the regulatory environment surrounding cryptocurrencies and blockchain in the US remains fragmented and unclear. While the technology holds much promise, it also carries risks related to volatility, speculation, fraud, and illicit use that need balanced oversight. Several federal agencies have released guidance and taken enforcement actions, but comprehensive regulations are still lacking.
