The US crypto industry has advanced significantly over the past year, but key regulatory gaps and an incomplete rulebook are limiting further growth. Other regions are moving ahead with clearer frameworks.
Bloomberg Intelligence analyst Dushyant Shahrawat highlighted the inconsistency in US crypto regulation during a recent appearance on Bloomberg Crypto. While the industry has made dramatic strides, critical areas remain unsettled and regulatory clarity is incomplete.
The fragmented approach to crypto oversight across multiple US agencies has created uncertainty for businesses and investors. This contrasts sharply with regulatory developments in other regions, which are establishing more comprehensive and transparent frameworks.
The unfinished rulebook is constraining the industry's ability to scale operations and attract institutional investment. Companies face challenges navigating overlapping jurisdictions and unclear compliance requirements.
As global competition intensifies, the lack of a cohesive US regulatory strategy risks pushing innovation and capital to more clearly regulated markets abroad. Industry observers warn that resolving these foundational issues is essential for maintaining US competitiveness in crypto infrastructure and development.
The SEC has postponed a plan that would have granted broad exemptions allowing US crypto firms to trade tokenized versions of stocks. The delay affects a significant expansion of crypto assets linked to traditional equities.
Kelp DAO has completed recovery of its restaked Ether token following a five-week effort to address a $293 million exploit attributed to North Korea's Lazarus Group in April.
Morgan Stanley launched a cryptocurrency trading pilot on E*Trade with lower fees than Coinbase, Robinhood, and Charles Schwab. The firm plans a broader rollout in 2026.
Crypto exchange Bullish agreed to acquire UK-based financial services outsourcing firm Equiniti from Siris Capital for $4.2 billion. The deal is expected to close in January 2027.