Cryptocurrency regulation is the rules and legal guidelines established and issued by governments to regulate how digital assets, such as virtual currencies, operate. These laws vary from country to country. In the United States, there are different states, some of which welcome market participants adopting cryptocurrencies with clear regulations, while others strictly prohibit them. About 60% of American citizens lack confidence in trading or investing in cryptocurrencies, considering current regulations to be unreliable or unsafe. One of the main reasons for this lack of trust is the absence of a unified and consistent set of laws to regulate cryptocurrencies.