Rethinking the Case for Crypto Regulation

Thornton, John (2026) Rethinking the Case for Crypto Regulation. The Economists' Voice. ISSN 1553-3832

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Abstract

The United States (US) and European Union (EU) have opted to extend the regulatory perimeter to incorporate crypto-related activities. This risks the integrity and stability of the financial system. Defining features of the crypto world are fraud, theft and facilitating criminal activity; so far at least, it does little to support the real (legal) economy. The risk is that by conferring legitimacy on crypto, regulation will increase the demand for crypto assets, entrench a highly volatile asset in traditional financial institutions, undermine market discipline, and increase financial instability.

Item Type:	Article
Uncontrolled Keywords:	crypto currency,regulatory perimeter,criminal activity,financial instability,legitimacy,market discipline,sdg 16 - peace, justice and strong institutions ,/dk/atira/pure/sustainabledevelopmentgoals/peace_justice_and_strong_institutions
Faculty \ School:	Faculty of Social Sciences > Norwich Business School
Depositing User:	LivePure Connector
Date Deposited:	06 May 2026 08:53
Last Modified:	14 May 2026 15:16
URI:	https://ueaeprints.uea.ac.uk/id/eprint/102905
DOI:	10.1515/ev-2026-0015

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