Crypto Assets Require Better Regulation: Statement of the Financial Economists Roundtable on Crypto Assets

Abstract

The exponential rise and volatility in the price of Bitcoin has heightened investor interest in cryptocurrencies and crypto assets. These assets have attracted a growing number of investors but also have been used to facilitate a wide range of illicit activities. In some cases, legitimate participants in crypto asset markets have incurred substantial losses. In response, the Financial Economists Roundtable discussed the potential benefits and risks associated with crypto asset markets and agreed that financial regulators need to be more proactive in addressing abusive activities.