Balancing Innovation and Regulation: Why a Risk-Based Approach to Crypto Could Benefit America

In the past few years, crypto valuations have rocketed, with thousands of new digital assets entering the market and billions of dollars in investment fueling the sector. This raised concerns amongst policymakers about the perceived risks and downsides of cryptocurrency, including money laundering, terrorist financing, and investor protection. The result? Regulators in the US are coming after the cryptocurrency industry, with the Securities and Exchange Commission (SEC) taking a more aggressive stance on enforcement and regulation. Or as some have termed it, regulation by enforcement.   While these actions may be necessary to protect investors and maintain market stability, some warn