Federal regulators and lawmakers are trying to grapple with how to handle cryptocurrency and the laws dictating how it operates as online trading becomes more popular. President Joe Biden signed an executive order in March urging the Federal Reserve to explore whether to create its own currency and directed the Treasury Department and other agencies to study its impact on national security and financial stability. State and federal governments have started to crack down on people who use cryptocurrency for nefarious means like scams, money laundering and illegal drug trading. Further research into the relatively new arena of crypto trading will help regulators figure out how to regulate and safeguard the market without stifling the industry’s growth.