![Mike Caldwell, a software engineer, holds a 25 Bitcoin token at his shop in Sandy, Utah. Bitcoin is an online currency that allows people to make one-to-one transactions, buy goods and services and exchange money across borders without involving banks, credit card issuers or other third parties.](/images/uploads/_small/AP18072429600784.jpg)
Concerns rise over lack of cryptocurrency regulations
As cryptocurrency booms, consumer advocates are worried about the lack of federal regulations. In the absence of federal regulations, crypto companies and lobbyists have their sights set on state legislatures.