Case for 'Rules of the Road' Driving Crypto Innovation

Case for 'Rules of the Road' Driving Crypto Innovation
AP Photo/Rick Bowmer, File

For the majority of Americans, the ability to store and transfer funds via traditional banking services is an aspect of daily life that we take for granted. But more than 8 million U.S. households – encompassing over 14 million adults and 6 million children – had no checking or savings accounts in 2017, according to a report published by the FDIC. An additional 24 million American households went “underbanked” in 2017, meaning they had a checking or savings account but also used alternative financial services like money orders or payday loans.

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