Assets, Bitcoin

Who Regulates Bitcoin in the US?

As of now, there is no official regulator of Bitcoin in the United States. However, that does not mean that the digital currency is not subject to lAWS and regulations.

In fact, there are a number of agencies that have been paying close attention to Bitcoin and other cryptocurrencies. These agencies include the Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC), and the Financial Crimes Enforcement Network (FinCEN).

The SEC has been focused on whether or not Bitcoin and other digital currencies are securities. If they are found to be securities, then they would be subject to the same rules and regulations as other securities.

The CFTC, on the other hand, has been more concerned with whether or not Bitcoin futures contracts are legal. And finally, FinCEN has been looking into whether or not Bitcoin can be used for money laundering or other illegal activities.

So far, none of these agencies have come out with any definitive rules or regulations regarding Bitcoin. However, that doesn’t mean that they won’t in the future.

It’s possible that we may see some regulations come out of these agencies in the next few years.

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