The summonses are part of a broader effort by U.S. lawmakers and regulators, including the SEC and the CFTC, to extend their oversight to crypto trading.

The growing use of cross-chain bridges — services that can transfer cryptocurrency from one blockchain to another — has made it more difficult to track virtual currency, particularly in cases of money laundering.

The Treasury announced sanctions against Tornado Cash, a virtual currency 'mixer,' over accusations of money laundering facilitation.

Legislation introduced by a mix of Republicans and Democrats would exempt the firms from being considered cryptocurrency "brokers."

Two of 11 individuals charged with running an alleged cryptocurrency Ponzi scheme have settled with the commission.

Michael Alan Stollery of Titanium Blockchain Infrastructure Services pleaded guilty to enacting a $21 million scheme that involved misleading investors.

The commission filed insider trading charges against a former Coinbase employee -- but some argue that the assets involved aren't under its jurisdiction.

The bureau is warning people to make sure the app they use to trade cryptocurrency is legitimate, as approximately 277 people have lost $42.7 million to fake ones designed by scammers.

With fast-paced change and tremendous uncertainty, this is sure to be an area of growth for accounting practices.

While they hold much potential to change accounting, thought leaders say the technology is still immature.