Cryptocurrency Regulation Remains Hazy

Experienced investors in cryptocurrencies have become accustomed to dramatic fluctuations in the value of their investments, particularly when U.S. government representatives make public statements about their views on the comprehensive regulation of cryptocurrencies. While certain activities related to the issuing and trading of cryptocurrencies, such as taxation and money laundering, are regulated by various agencies within the U.S. government, there is currently no comprehensive regulatory framework in existence for the regulation of cryptocurrencies. Several events in the last month would seem to indicate that the path to comprehensive cryptocurrency regulation by the United States government is anything but clear. Based on the lack of consensus amongst regulators and policymakers in the United States government, it would also appear that the development and implementation of a regulatory framework for cryptocurrencies is not imminently achievable.