The Biden administration stepped up to the plate on Monday and expressed its desire to create a crypto regulatory authority. We donât have many details yet, but it appears clear that the administration is planning on introducing new pathways to getting the crypto lion under the whip. And it appears rumors related to this shift may have been at least partly responsible for the flash crash in Bitcoin over the weekend. This caused investment vehicles in the space to stumble, including Grayscale Bitcoin Trust (OTCMKTS:GBTC), Square Inc (NYSE:SQ), and Overstock.com Inc (NASDAQ:OSTK). However, fears related to a regulated reality for the crypto space may be extremely overdone. In fact, one can easily make the case that a regulated cryptocurrency space could actually accelerate mainstream uptake of Bitcoin as a true medium of exchange â people generally like things they can understand, and increased oversight can help make financial institutions and retailers more comfortable with dealing in BTC terms.