No, the issue as GP says is that they are using crypto as a label to avoid regulation. They are using a "but it is a decentralized blockchain" argument to try t

No, the issue as GP says is that they are using crypto as a label to avoid regulation. They are using a "but it is a decentralized blockchain" argument to try to avoid all the regulations they can't/don't want to meet. This whole association is really just a new banking conglomerate. That wouldn't pass muster without full compliance. This is just the normal "try to skirt the laws" startup mentality so you can create exploitable margin over your competitors that actually follow the rules.