> I believe people should make their own decisions, while the protection offered by the state should come in the form of education and catching bad actors. I a

> I believe people should make their own decisions, while the protection offered by the state should come in the form of education and catching bad actors. I agree with this. I think education and prosecuting scam projects are both good. Although I suppose one could also argue that to catch bad actors ahead of time, there needs to be a way for new cryptos to file with the SEC, to then be audited to see if they are legit. However, I just don't see the SEC being capable of that, at least not yet. Crypto technology is moving too fast for them to keep up. We also still don't have clarity on some basic questions like if Bitcoin or Ethereum are securities or not. Former members of the SEC have alluded that they are not [1], but there are no clear statements on this yet from the SEC. Maybe there need to be more legal precedents set, like from the Ripple case currently going on [2], in order more clarity to be provided and for the path forward to become more clear. [1] https://www.cnbc.com/2018/06/14/bitcoin-and-ethereum-are-not-securities-but-some-cryptocurrencies-may-be-sec-official-says.html https://www.cnbc.com/2018/06/14/bitcoin-and-ethereum-are-not... [2] https://www.sec.gov/news/press-release/2020-338 https://www.sec.gov/news/press-release/2020-338