2017 was a landmark year for cryptocurrency. In that year, it burst onto the global economic scene and attracted investments from people and organizations all around the world. Its popularity gave rise to cryptocurrency exchange platforms, which seemed to further herald its arrival into the mainstream. However, these entirely unregulated exchange platforms have fostered insider trading that has no discernable recourse—and U.S. policymakers have done little to stop it. As such, this article explores the phenomenon that is cryptocurrency, the trend of insider trading, and the difficulties facing U.S. officials as they attempt to reconcile cryptocurrency’s novelty with its need for stability. The article concludes this discussion by outlining and recommending three solutions to the cryptocurrency insider trading conundrum.
Emily Crane, Regulation Without Deflation: Cryptocurrency and its Insider Trading Conundrum, 51 J. Marshall L. Rev. 797 (2018)