FinTech Regulation in the United States - 9781009475716

FinTech Regulation in the United StatesPast, Present, and Future\nAuthor(s): Jill Grennan\nFormat: Hardback\nPublisher: Cambridge University Press, United Kingdom\nImprint: Cambridge University Press\nISBN-13: 9781009475716, 978-1009475716\nSynopsis\nThis Element provides an overview of FinTech branches and analyzes the associated institutional forces and economic incentives, offering new insights for optimal regulation. First, it establishes a fundamental tension between addressing existing financial inefficiencies and introducing new economic distortions. Second, it demonstrates that today's innovators have evolved from pursuing incremental change through conventional Fin-Tech applications to AI crypto as the fastest-growing segment. The convergence of previously siloed areas is creating an open-source infrastructure that reduces entry costs and enables more radical innovation, further amplifying change. Yet this transformation introduces legal uncertainty and risks related to lia.