The Future of Crypto Regulation: A Security Perspective

As the political landscape in Washington, D. C. , shifts, many expect new crypto laws to be passed. But what about the cybersecurity aspects of these regulations? Cryptocurrencies, including bitcoin and ethereum, have a dedicated following in the U. S. , with 17% of adults having traded in crypto. Yet, a recent poll showed that 63% of adults have little to no confidence in crypto investing. The incoming Trump administration has been focusing on the industry side of crypto, aiming to create a regulatory framework for businesses. A law called FIT21, which includes cybersecurity provisions, has passed the House but not the Senate. Some experts worry that crypto proponents advising the Trump administration may lead to less focus on security. Crypto industry donations to the 2024 election cycle could influence political decisions. A pro-crypto Washington, D. C. , might not see much regulation in the next four years, which could impact cybersecurity. When crypto values rise, so does cybercrime, as seen in ransomware attacks demanding bitcoin.

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