Conversations on cryptocurrencies have become a mainstay in society today, whether that be on social media or in individual conversations. The cultural and social impact of cryptocurrency is undeniable and, as conversations with cryptocurrency supporters would suggest, lead to a positive impact in the lives of those that invest in the currency. However, cracks are showing in the patchwork of cryptocurrency regulations throughout the United States as cryptocurrency scams run amok, resulting in losses for innocent investors. Although attention is placed upon the decisions of individual companies or executives in explaining cryptocurrency scams, little discussion is present regarding investor behaviors that help fuel the success of these scams. This Article focuses on the behavioral science behind the actions of cryptocurrency investors in the age of social media, using those actions to identify shortcomings in current United States cryptocurrency regulations, and putting forth a temporary regulatory method to address ongoing cryptocurrency scams.
Redirecting the Herd: Informing Cryptocurrency Regulations Through the Lens of Behavioral Science,
14 Hastings Sci. & Tech. L.J. 123
Available at: https://repository.uchastings.edu/hastings_science_technology_law_journal/vol14/iss1/5