The expansion of virtual currencies like Bitcoin and Ethereum has placed U.S. regulators in a dilemma between fostering innovation and protecting investors.

The evolution of cryptocurrencies is primarily due to the rise of technology worldwide. It has expanded financial boundaries, leaving the possibility for cryptocurrencies to become the central element of the global economy.

The importance and impact of using cryptocurrencies in the U.S. highlight the need to regulate them. However, there is a challenge in establishing a clear political framework. With the digital revolution taking place through cryptocurrencies, state and federal governments are trying to determine how to best define their role in regulating this new class of assets.