The growth of the cryptocurrency market has caught the attention of investors, businesses, and now, Uncle Sam. So if you’re among the 16% of Americans involved in the crypto market, you may be wondering: What do upcoming regulations mean for me?
It’s not yet clear, but we may soon have a better idea. For investors who are wondering what to make of President Biden’s recent executive order on cryptocurrency or any other new regulatory developments, plenty of experts say it’s actually a good thing. More regulation could increase market stability and the price and value of crypto, so investors can look at it with a healthy optimism, says Nicole DeCicco, founder of CryptoConsultz, a digital currency consulting service based in Vancouver, Washington.
“The train’s already left the station,” she says. “Rather than try to stop it, let’s hope that it brings some benefit to the market.”
How Crypto Regulation Could Affect Investors
No one actually knows yet how the average investor will be affected by growing regulations, at least not until the federal government decides on the specific rules. And some market participants may not feel many changes at all once the dust settles, says Marco Santori, the chief legal officer at digital cryptocurrency exchange Kraken.
Continue reading: https://time.com/nextadvisor/investing/cryptocurrency/crypto-investors-prepare-regulations/
It’s not yet clear, but we may soon have a better idea. For investors who are wondering what to make of President Biden’s recent executive order on cryptocurrency or any other new regulatory developments, plenty of experts say it’s actually a good thing. More regulation could increase market stability and the price and value of crypto, so investors can look at it with a healthy optimism, says Nicole DeCicco, founder of CryptoConsultz, a digital currency consulting service based in Vancouver, Washington.
“The train’s already left the station,” she says. “Rather than try to stop it, let’s hope that it brings some benefit to the market.”
How Crypto Regulation Could Affect Investors
No one actually knows yet how the average investor will be affected by growing regulations, at least not until the federal government decides on the specific rules. And some market participants may not feel many changes at all once the dust settles, says Marco Santori, the chief legal officer at digital cryptocurrency exchange Kraken.
Continue reading: https://time.com/nextadvisor/investing/cryptocurrency/crypto-investors-prepare-regulations/
