>but it protects society as a whole. Regulations may be a net positive overall but there are plenty of examples of bad regulation. The general case does not n

>but it protects society as a whole. Regulations may be a net positive overall but there are plenty of examples of bad regulation. The general case does not necessarily apply to any one case and even if it does there's still plenty of room to screw up the implementation. You can't just hand wave and say "well regulation is generally good so therefore this specific regulation must also be good". That's the same flawed logic as using demographic statistics as if they apply to individuals. I can't believe I'm defending crypto here.