I agree that some regulation serves a purpose. But the way many things are implemented, especially when there's lobbying behind it, creates an environment wher

I agree that some regulation serves a purpose. But the way many things are implemented, especially when there's lobbying behind it, creates an environment where the only people who can navigate it are the people lobbying for it. As much as we need regulations for pollution, I'm of the opinion we need less regulation for many other things. Banks are a great example. Banks should be regulated. If I put my money into a bank I want it guaranteed there. But the industry has successfully lobbied itself extensions in their charters and ventured into financial and investment territory, which I don't believe should be coupled with banks. Investing and securities (like cryptocurrencies) have an inherent downside - it can go up OR down. I don't need a short sighted politician to put laws in place to protect me from having my investments go down. That's part of the game. If you don't know what you're getting into, you shouldn't get into it. But thanks to regulations, it's essentially impossible to open a bank or have competitive services, while they get to abuse their positions to leech money from the general population. There's no reason that banks (safely storing money) and investment companies should be a single entity. And before you mention inflation, realize that your savings account makes 0% interest, for any useful purpose. If I want to start or invest in crypto under my own accord, there's no reason I shouldn't. Don't want to lose your money on cryptocurrency? Don't put your money into it. We don't need regulations for that. We need common sense. This idea that you deserve a risk free ROI is a moral hazard for society. Disclaimer: I haven't ever bought cryptocurrencies, because I don't understand it and I'm not an idiot. It's gambling, pure and simple, and the people who lost their money deserved it.