> That's not even counting all the other things they can legally do as an unregulated exchange, like front-running, liquidation fishing with unlimited assets, e

> That's not even counting all the other things they can legally do as an unregulated exchange, like front-running, liquidation fishing with unlimited assets, etc. Unregulated does not mean that they can ignore the law. Fraud is illegal either way. In fact, most businesses used to be unregulated and just had to follow the same laws as everyone else. That should be the natural state.