I don’t know if I want that kind of regulation in crypto as in stocks. I do feel something is needed but crypto is meant to be leverage from the get go. It just want too far and to fast. Now as the tides are receding we see who are swimming naked.
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What makes you say crypto was meant to be leveraged?
The fiat and financial system that currently stands does not rise as fast as real inflation so the wealth of the younger generation lagging. With crypto put into defi the growth accelerated to out pace real inflation. The risk is of course it can all crumble down. Fast rise can also come with fast falls.