Executive SummaryIn the past year at least 16 percent of Americans have traded cryptocurrencies – a $1.7 trillion industry that has grown significantly since 2017.Despite this market’s size and growth, cryptocurrencies fall into a number of regulatory gaps, and federal regulatory oversight of the market is severely underdeveloped.It is incumbent upon Congress to define the cryptocurrency industry and lay the appropriate regulatory groundwork before such decisions are made by existing regulato...