Opinion: US regulators are more inclined to evolve from existing laws, rather than proposing new ones

For US regulation of encryption and blockchain, John S. Wagster, co-chairman of the Frost Brown Todd blockchain and digital currency industry team, said: "To a large extent, US regulators allow cryptocurrency regulatory frameworks from existing The law evolved gradually, rather than proposing a new one. The advantage of this approach is that the government allows organic development of guidelines for technology development and use, rather than establishing immature monitoring mechanisms that may inadvertently kill Technology that is still in its infancy. The downside is that lack of regulation makes it difficult for cryptocurrencies and related businesses to operate in the United States without explicit rules."