The Crypto Revolution: A Comparative Analysis of Crypto Regulation in the United States and the European Union

Authors

Joseph Galasso

Abstract

Cryptocurrency is something that many people have heard of, but few truly understand the totality of it. From its emergence to the present form, cryptocurrency has become an innovative technology which has changed the way in which we use money. As seen time and time again, where there comes new technology comes governmental authorities introducing new laws to regulate these emerging industries. The aim of these laws and regulations is to protect consumers, but it is imperative not to overregulate the industry. The goal of regulation is to allow consumers to enjoy the benefits of the industry; however, one cannot enjoy an industry which has been stifled with laws which hinder a chance for innovation and growth. It is imperative for the United States to adopt a regulatory structure which allows for the continued growth of this industry. When comparing the United States and European Union in terms of regulation, we see how the European Union takes a friendlier, more proactive approach which the United States may be able to mirror for future success.

Recommended Citation

Galasso, Joseph (2024) "The Crypto Revolution: A Comparative Analysis of Crypto Regulation in the United States and the European Union," Touro Law Review: Vol. 39: No. 4, Article 12.
Available at: https://digitalcommons.tourolaw.edu/lawreview/vol39/iss4/12