What Is the Future of Crypto Currency in the United States?
The SEC and CFTC will almost certainly play an essential role in monitoring cryptocurrency exchanges and trading platforms. They will have to cope with market structure difficulties and potential market manipulation. Furthermore, some prominent members of Congress have expressed reservations regarding investor protection. These issues, as well as policing and enforcement, will fall under the purview of the SEC and CFTC. Meanwhile, the CFPB will provide comments and analyze cases involving the use of stablecoins in the United States, which will almost certainly trigger federal consumer financial protection regulations. While there can be no legal structure for cryptocurrencies, the United States is working to regulate the industry. While not every state has taken similar action, a few have issued warnings. As a result, cryptocurrency regulation has been proposed in California, Nevada, Hawaii, and Maryland. Meanwhile, the state of New York has eased its BitLicense laws to let enterprise