Is Crypto Cleaning Up Its Act?

New research suggests that the cryptocurrency market is making efforts to self-regulate, indicating a move towards mainstream acceptance. While federal regulation specific to cryptocurrency is lacking, some U.S. states require licenses for crypto entities, and the sector has been monitored by federal agencies. Cryptocurrency exchanges have also taken steps to self-regulate, such as registering as Money Service Businesses. A study comparing the efficiency of different crypto asset classes found that those subject to compliance regulations were comparable to traditional IPOs in terms of efficiency. This indicates that the crypto sector is maturing and evolving to inspire investor confidence, despite the absence of federal regulations. [Extracted from the article]