As the crypto industry continues to grow, financial regulators are struggling to keep up. To help you understand what is going on and what we expect to happen in the future, our highly-experienced Kiplinger Letter team will keep you abreast of the latest developments and forecasts (Get a free issue of The Kiplinger Letter or subscribe). You'll get all the latest news first by subscribing, but we will publish many (but not all) of the forecasts a few days afterward online. Here’s the latest...
Financial regulators are cracking down on the crypto industry. The collapse of FTX has alerted regulators to the dangers of letting the industry grow without any checks and balances. Recently, the Securities and Exchange Comm. (SEC) sued Coinbase, the largest U.S. crypto exchange, for operating as a broker-dealer, exchange and clearing agency without registering with Uncle Sam. The SEC also sued Binance, the largest global crypto exchange, for mishandling the funds of customers, misleading investors and regulators, and breaking securities rules.
Officials are still figuring out how to regulate cryptocurrencies. One issue under discussion is how to classify different cryptocurrencies. While bitcoin is considered a commodity by all regulatory agencies, the SEC views the tokens of other major blockchains as securities. The agency recently designated 19 tokens as securities as part of the lawsuit against crypto exchanges Coinbase and Binance, imposing steeper regulatory requirements on both token issuers and exchanges.
From just $107.88 $24.99 for Kiplinger Personal Finance
Be a smarter, better informed investor.
Sign up for Kiplinger’s Free Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
Crypto is increasingly becoming a partisan issue in Congress. Not long ago, Democrats and Republicans were able to find some common ground on how to regulate the industry. But in recent months, disagreement among lawmakers has stalled work on legislation. Republicans increasingly support the industry and are more likely to back measures favored by crypto firms. At the same time, Democrats want to tighten the leash to assist the Biden administration in its crackdown. As a result, don’t expect any major crypto moves from Congress.
This forecast first appeared in The Kiplinger Letter, which has been running since 1923 and is a collection of concise weekly forecasts on business and economic trends, as well as what to expect from Washington, to help you understand what’s coming up to make the most of your investments and your money. Subscribe to The Kiplinger Letter.
-
Are COVID Shots Still Covered By Medicare?Getting the new COVID-19 vaccine covered by Medicare isn't as easy this year as it was in the past. Here's what you need to know before you take a trip to your pharmacy.
-
How Digital Platforms Are Changing the Way You Invest in GoldInvesting in gold is easier than ever thanks to digital platforms. Learn how online tools are lowering costs, increasing transparency and making gold accessible to all investors.
-
Trump's Economic InterventionThe Kiplinger Letter What to Make of Washington's Increasingly Hands-On Approach to Big Business
-
AI Start-ups Are Rolling in CashThe Kiplinger Letter Investors are plowing record sums of money into artificial intelligence start-ups. Even as sales grow swiftly, losses are piling up for AI firms.
-
What is AI Worth to the Economy?The Letter Spending on AI is already boosting GDP, but will the massive outlays being poured into the technology deliver faster economic growth in the long run?
-
Kiplinger Special Report: Business Costs for 2026Economic Forecasts Fresh forecasts for 2026, to help you plan ahead and prepare a budget on a range of business costs, from Kiplinger's Letters team.
-
Trump-Era Regulations Will Broaden Access to CryptoThe Kiplinger Letter The president wants to make the U.S. the leader in digital assets.
-
Breaking China's Stranglehold on Rare Earth ElementsThe Letter China is using its near-monopoly on critical minerals to win trade concessions. Can the U.S. find alternate supplies?
-
America's Surprising Strengths in Manufacturing and ExportsThe Kiplinger Letter Despite common perceptions that the U.S. doesn't build things anymore, American factories are still hard at work. A special report from The Kiplinger Letter.
-
The Economic Impact of the US-China Trade War
The Letter The US-China trade war will impact US consumers and business. The decoupling process could be messy.
