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ACM Opinion

Let Crypto Regulate Itself


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An illustration depicts a government building with the Bitcoin symbol emblazoned on its face.

We need a self-regulatory organization for digital assets to promote the highest standards of ethical trading and governance.

Credit: Getty Images

Our financial markets are governed by commonsense legal rules of the road that enable our families and businesses to enjoy immense economic prosperity. These rules ensure opportunity and a level playing field, and make sure bad actors and unfair practices are identified and stopped.

It's clear that digital assets, too, need rules of the road. But recent calls for an entirely from-scratch legal framework, another new federal regulator, or special licensing arrangements all miss the mark.

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