The findings of Foley’s newly released 2018 Cryptocurrency Survey were the subject of a Law360 article, "Crypto Insiders Want Clearer Regulation of Their Industry," about industry insiders’ views on the use, risks and regulation of cryptocurrencies.
The survey found that most cryptocurrency executives and investors favor “thoughtful” federal regulation of the industry, though many lack a clear understanding of how federal and state regulations apply to digital currencies. The vast majority also favor some form of self-regulation, though most believe that any self-regulatory model should be subject to government oversight.
The results also showed that a clear majority of respondents support the opportunity to invest in exchange-traded funds that own cryptocurrency investments, though the U.S. Securities and Exchange Commission has been slow to embrace the idea.
The survey’s findings also were featured in Barron’s, Bitcoinist, RTT News, ETH News, BlockchainNews, The Cointelegraph, BitcoinNews, The Daily HODL, Coin Central, Bitcoin Exchange Guide, Pymnts, CryptoVest, FX Street, Business Insider, Pensions & Investments and Wall Street Journal.