I am very pro crypto, and I am also in many ways a libertarian, but I do agree that most people are simply not smart enough to handle their own investment decis

I am very pro crypto, and I am also in many ways a libertarian, but I do agree that most people are simply not smart enough to handle their own investment decisions. I think picking stocks, investing in crypto, buying specific bonds, investing in anything other than market ETFs should be banned by anyone who isn't an accredited investor. The nice part about the definition of an accredited investor is you can now just pass exams if you aren't wealthy enough. For me, that is enough to ensure sufficient liberty exists for those who want it. You do need sponsorship though, which should change. I consider myself someone who is pretty adept at investing. I have a degree in economics and I've studied finance on my own time for many years. I've had many conversations with friends who simply lack the discipline to learn about finance, make a strategy and stick with it. Many friends have been hurt by investing in crypto, panicking, then taking their money out. People are simply too stupid to make these kinds of decisions. If you want to take those risks, go pass Series 7, Series 65, and Series 82 exams. At least then you're somewhat competent enough to know why you make a bad call.