From Likes to Losses: A Call for Regulatory Action in the Domain of Social Media and Cryptocurrency

Since its inception in 2009, cryptocurrency has become an increasingly popular alternative for investment and payment. The rise of social media has been a key contributor to its growth, offering an effective way to promote cryptocurrencies and draw in more users. However, as interest grows, regulators face new challenges in managing risks and safeguarding consumers. This Note seeks to examine the impact of social media on the cryptocurrency market, and the risks and opportunities it poses for investors and regulators alike.