Todd Ehret, 06 April 2021
Bitcoin, other cryptocurrencies, and essentially all digital assets have surged in price recently amid surging interest by the public, investors of all types, and the financial industry. Despite a steadily growing acceptance and anticipation of a crypto-friendly regulatory environment under the new administration in Washington, the future regulatory framework for digital assets is complex and uncertain.
Building a new framework is a huge task, involving many stakeholders and extending beyond highly publicized bitcoin and cryptocurrencies. Use of blockchain technology, electronic payments, “stable coins,” digital central bank currencies, and “non-fungible tokens,” which have taken the art and collecting world by storm recently, will all need to be addressed to varying degrees by regulators.
