Cryptocurrency regulation sits at the intersection of multiple regulatory regimes, and both financial market regulators and banking regulators, among many others, have asserted authority over certain aspects of crypto regulation. This has resulted in an overlapping and incomplete regulatory framework that has drawn criticism from both proponents and skeptics of crypto innovation. So, how is cryptocurrency regulated? How should it be regulated? Who should regulate it? Cato’s Center for Monetary and Financial Alternatives is looking at these questions through a series of policy forums that examine the roles of different regulators and consider what type of regulatory framework should be adopted to balance the risks and innovative potential of cryptocurrencies.