Crypto regulation is not a matter of “if” but “when” (FORTUNE)

Regulation of the cryptocurrency industry is almost a certainty, but how soon it will take shape is still to be determined. Fortune spoke with Amy Lynch, FrontLine’s Founder and President, to discuss the current stance of the SEC on the issue, and how new regulations would impact crypto companies’ bottom line. Wanting to protect investors from fraud and scams has the SEC proactively seeking regulations, now supported by President Biden’s recent executive order to review the crypto market. According to Ms. Lynch, the SEC and other regulators also have a big picture view of crypto as a potential catalyst for a broad economic crash, similar to the role of bad mortgages in the 2008 financial crisis. She further states that when regulations are finalized, they will come with a cost, requiring crypto entities to add compliance staff and maintain a department tasked with oversight. See Fortune, “As Biden sets his sights on regulating crypto, industry analysts fear innovation will suffer”