The current state of crypto-market in the USA: regulation and future prospects in the context of the need to develop energy efficiency and achieve the Sustainable Development Goals

Abstract

The paper traces the evolution of regulation of the crypto market in the United States in the context of the need to increase energy efficiency and achieve the Sustainable Development Goals. We analyze two levels of regulation, including federal regulations and state laws, that are changing to meet new environmental health pressures. There appears to be a lack of consensus at both of these levels, whether due to (significant) interstate differences or disagreements between various federal agencies and departments. We classify US states into four groups based on the nature of their cryptocurrency legislation and describe states that do not fall into this classification. We also explore the properties and features of the digital dollar concept and analyze the prospects for its development in products of the near future.