Nearly everyone agrees that the cryptoasset market needs more robust regulation, but there is much disagreement about what the laws should look like as well as who should be legislating and enforcing them.
Because cryptoassets are popping up at a staggering rate, the law is struggling to keep pace with technological innovation, thereby increasing the potential for scams, fraud, and poor practice.
Currently, crypto is overseen by a loose combination of federal and state bodies, and the regulatory framework is complicated and precarious. New bills under consideration may help clarify tax requirements; bolster cybersecurity measures; and account for further disclosure requirements, energy consumption tracking, and more.
One key concern goes to the question of whether cryptoassets are commodities or securities, which raises crucial issues about which governing organization should be responsible for oversight and enforcement.
Join Cornell Law’s Charles Whitehead for a brisk discussion about the shifting regulatory environment around cryptoassets and discover what may be next for the revolutionary technology.
RESOURCES / NEXT STEPSSECURITIES LAW Cornell Certificate ProgramFrom Orange Groves to Cryptocurrency: How Will the SEC Apply Longstanding Tests to New Technologies?Master's degree in legal studies from Cornell Law School (MSLS)Howey and Crypto-Assets
