Editorial Board

Crypto Is Still a Mess. A Crackdown Would Do It Good

Stronger rules would be a gift to genuine innovators.

May 2, 2023 at 12:00 PM UTC

By The Editorial Board

The Editorial Board publishes the views of the editors across a range of national and global affairs.

Still defying definition.
Photographer: Michael Nagle/Bloomberg

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This article is part of the May 8, 2023 issue of businessweek.

US regulators appear to be on a collision course with crypto. Sometime soon, many issuers and intermediaries could be forced out of business or at least out of the country.

It could be the best thing that ever happened to the industry.