Thanks for the link! Your edit reflects my thoughts exactly. I posted an old Law Review comment[1] describing (at a very high level) the market conditions in th

Thanks for the link! Your edit reflects my thoughts exactly. I posted an old Law Review comment[1] describing (at a very high level) the market conditions in the early 1900s that gave rise to federal securities regulation. It’s a bit surprising how many of those mistakes we’re “relearning” with crypto. I wonder whether perhaps the crypto craze might have come about, in part, because of the regulatory inaction following the Great Recession. [1]https://news.ycombinator.com/item?id=29041167 https://news.ycombinator.com/item?id=29041167