Why Congress Should Regulate Cryptocurrency Now

The United States has a chance to become a standard-bearer as cryptocurrencies expand.

Why Congress Should Regulate Cryptocurrency Now     Today, the U.S. House Committee on Financial Services addressed cryptocurrencies and financial technology, on the heels of a Treasury Department report on stablecoins published last month. Industry executives will address the risks that cryptocurrency technologies pose and identify opportunities to improve consumer protection and prevent illicit activity, such as ransomware targeting, money laundering, and terrorism financing. Foreign Policy has your explainer into why this hearing on cryptocurrencies matters. For a deeper dive into all things cryptocurrency, FP Analytics' three-part "Future of Money Power Map" series examines the new technologies, economic power shifts, and geopolitical tensions driving changes in the international financial system.     Read the Explainer   Visit the Power Map     More Economic Coverage from FP       Global Finance and Management of Climate-Related Risk   The financial sector's role in managing risk and accelerating the transition to net-zero. A special report from FP Analytics, the independent research division of Foreign Policy.   Read More ›       Bitcoin Failed in El Salvador. The President Says the Answer Is More Bitcoin.   Salvadoran President Nayib Bukele is spinning new projects as fast as he can.   Read More ›       Cryptocurrency Isn't All Bad   The blockchain holds the key to sustainable development for the world's poorest people.   Read More ›                © 2021 Foreign Policy All rights reserved. 1750 Pennsylvania Avenue, NW, Suite 200 https://foreignpolicy.com/ | Unsubscribe

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