Currently, cryptocurrencies are regulated in the US by several institutions: CFTC, SEC, IRS, making it difficult to create overarching regulatory guidelines. In short, yes– Bitcoin can be regulated. In fact, its regulation has already started with the fiat onramps and adherence to strict KYC & AML laws.

Can the government regulate crypto?

The United States Federal Government has not claimed the right to regulate cryptocurrencies exclusively yet. They are allowing individual states to figure out how their citizens can partake. New York, Nevada, Arizona, Vermont, and Maine, among other states, have introduced bills to their state senates thus far.

Can Crypto be controlled?

In its current form, Bitcoin presents three challenges to government authority: it cannot be regulated, it is used by criminals, and it can help citizens circumvent capital controls. Until the time that Bitcoin's ecosystem matures, it will continue to be viewed with distrust by established authorities.