By some estimates, less than 5% of crypto-asset entrepreneurs are women. [54] Women are also less likely to invest in crypto-assets than men: in the United States, only 26% of crypto-asset holders are women. [55] Could this make these markets more prone to risk-taking? Some studies would suggest that it does, but there is also evidence to the contrary.
[56] Clearly though, regulation needs to provide an environment which facilitates financial decisions which are good for the individual and which do not put financial stability at risk. 5 References Adrian, Tobias and Markus K. Brunnermeier (2016), CoVaR. American Economic Review 106 (7):1705. Allen, Hilary J. (2022a). DeFi – Shadow Banking 2.0? William & Mary Law Review. Forthcom-ing. Allen, Hilary J. (2022b).