At a pivotal time for the maturing – but still young – cryptocurrency industry, Foley & Lardner LLP surveyed executives and investors to gauge attitudes and perspectives on the use, risks and regulation of cryptocurrencies. The survey findings reveal that the vast majority of respondents believe the cryptocurrency industry should be regulated in the United States and that the industry does not have a well-grounded understanding of the application of existing regulation of financial markets and financial services. At the same time, while industry insiders are watching a range of potential risks – particularly related to hacking and security breaches – they expressed a willingness to take on risk for the opportunity to invest in or develop cryptocurrency businesses.
