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7 - Call for a Global Crypto-assets Regulatory Framework

Lessons from the US, Europe, and the UK

from Part III - Regulations and Compliance of Digital Assets

Published online by Cambridge University Press:  aN Invalid Date NaN

Reena Aggarwal
Affiliation:
Georgetown University, Washington DC
Paolo Tasca
Affiliation:
University College London
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Summary

The initial title of this chapter was “Will the U.S. Security Law Lead Cryptoassets Regulation?”, because I was quite confident it would do. Then, the exploration of this topic in different jurisdictions questioned my belief. The US was not properly leading the regulatory intervention and neither Europe nor UK, which are the jurisdictions part of my analysis. The key element that was missing in all the three regulatory frameworks was a global vision. Crypto-assets run on the Internet, which has no geographic boundaries. As a consequence, a crypto-asset regulation cannot be developed in isolation. However, there are important lessons that can be drawn from the experience of each jurisdiction singularly taken.

Type
Chapter
Information
Digital Assets
Pricing, Allocation and Regulation
, pp. 131 - 166
Publisher: Cambridge University Press
Print publication year: 2025

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