The Conference of State Banking Supervisors Seeks to Improve Consistency of FinTech Regulation, but Questions Remain

The United States offers an innovative and diverse marketplace along with a sound infrastructure for new cryptocurrency and digital asset businesses.

However, the U.S. regulatory framework for digital asset businesses creates significant barriers to innovation and risks frittering away the potential benefits of the U.S. markets’ creativity. One of the chief challenges for today’s cryptocurrency businesses, especially those offering exchange, trading, or custody services, is the fragmented and inconsistent state law framework currently applied to many of those businesses.

Click here, to continue reading on the Cleary FinTech Update blog. This article was also republished by Law360.