What’s Next for Crypto Regulation

What’s Next for Crypto Regulation

DealBook Business and PolicyDealBook NewsletterWhat's Next for Crypto RegulationA resurgence in market volatility comes with rules in flux as a new U.S. administration takes over.Gary Gensler will soon draw up crypto rules at the S.E.C.Credit...Kayana Szymczak for The New York TimesBy Ephrat LivniJan. 30, 2021, 8:19 a.m. ETThe DealBook newsletter delves into a single topic or theme every weekend, and today it takes you on a quick tour of the regulatory scene for cryptocurrency, a fast-changing field that may represent the future of the financial industry. (If you don't already receive the daily newsletter, sign up here.)Stock market mania has made the headlines in recent days, but recall that a run-up in crypto prices to new highs a few weeks ago raised all of the questions about investor protections and regulations now vexing policymakers coming to grips with GameStop.In fact, crypto prices are starting to go haywire again. Yesterday, Robinhood imposed restrictions on crypto trading, as it did for the stocks at the center of the market mayhem.The crypto world has been ahead of the curve when it comes to platform outages, outsize volatility and trading based on memes. Tension between the establishment and the masses is at the core