2026/03/01 by Diana C. Nicholls Mutter
Business, Management and Accounting · Computer Science · Social Sciences · #Blockchain Technology Applications and Security #Broker-dealer #Financial innovation #Financial market #Financial regulation #Investment (military) #Investment banking #Point (geometry) #Securities Regulation and Market Practices #Security, Politics, and Digital Transformation
paper · doi:10.1017/s0008197326101275
openalex publication_date 2026/03/01 · openalex created_date 2026/04/07 · openalex updated_date 2026/08/04
Abstract Cryptoassets, while viewed by many as a significant innovation in the banking and investment industry, present exigent risks to investors, markets and possibly the financial system itself. Can these risks be managed appropriately using securities regulation? This article argues that securities regulation is appropriate to regulate a popular kind of cryptoasset, utility tokens, given the similarities between utility token risks and those found in traditional securities markets. This analysis begins to point to a consistent global regulatory response to cryptoasset regulation and has implications for future cryptoassets and financial innovation more generally.