If no regulation can succeed, the market will turn either to a lemon market and die, or information will be provided to investors in "another way" (which we may

If no regulation can succeed, the market will turn either to a lemon market and die, or information will be provided to investors in "another way" (which we may not even guess yet) I'm not sure which will happen. Like you, I firmly believe anyone should be free to invest as they want, as long as no one is tricked. I just do not see the tricking as a stable equilibrium. I do not assume only crypto will be viable - just that it would be the best option. Given Gresham's law, it would make sense for investors to only want to pay in USD (to be protected) and for entrepreneurs to only want to accept crypto (to be free / high risk /etc). But USD and investment are regulated, while entrepreneurship is free, so I would bet on crypto winning. In the middle, I see a small opportunity for existing VC to turn into middlemen for those who have USD and are accredited investors. It is all still very uncertain. We sure live in intersting times!