Currency has remained largely unchanged for hundreds of years. Though government authorities from around planet Earth will continually develop stronger materials, bills and coins that are inherently less easy to counterfeit, and enact various fiscal policy changes to make sure inflation doesn't render cold, hard cash ineffective, it will still remain as a store of value that's readily accepted by others.
Governments around the world must take fiscal policy actions in order to make sure money has value.
Further, federal bureaus like that of the Securities and Exchange Commission are responsible for the oversight or tradings of stocks, bonds, and other stores of value.
Between the SEC and the Federal Reserve Bank, the United States Dollar is taken care of quite well.
Cryptocurrencies might be popular right now, but surely not in the eyes of governments
More or less, cryptocurrencies are digital means of holding value and exchanging it with others. The very first crypto, Bitcoin, evolved from idea to reality in early 2009, primarily rising to popularity in the latter half of 2017. While they're not yet in any position to replace currency, state and federal government officials are worried that a failure to oversee cryptocurrencies could result in significant financial crimes going unchecked.
The honorable Eric Schneiderman, acting Attorney General for the state of New York, is responsible for forming the initial steps of a statewide investigation. NY Attorney General Schneiderman innovated the Virtual Markets Integrity Initiative just yesterday, on Tuesday, April 18, 2018, the collective goal of which is to look deeply into guidelines, rules, practices, and qualifications of all viable cryptocurrencies to most appropriately proceed with governmental oversight of Bitcoin, Ripple, Monero, and other popular digital currencies.
Unfortunately, excessive government meddling in the world of business can hurt consumers and businesses alike.
NY AG Schneider hopes to gain insight into how cryto trading platforms work.