It seems pretty obvious to fair-minded observers that after more than a decade of cryptocurrency trading, it’s unlikely that they’ll disappear anytime soon, even if some wish it would. Given this backdrop, you’d think a reasonable person would say, “Let’s regulate these products properly.” It’s not true that cryptocurrencies aren’t subject to a myriad of state and federal regulations. What is true is that as long as a regulatory approach based solely on enforcement is adopted, the United States will see jobs shipped overseas, innovation stifled, and crucial decisions left to the courts.
