Regulations go hand-in-hand with creating a safe and functioning civilization. Just look at the crypto market and imagine if we all had to use those zany token

Regulations go hand-in-hand with creating a safe and functioning civilization. Just look at the crypto market and imagine if we all had to use those zany tokens to do things. We couldn't get anything done. That used to exist back in the 1800's. Our financial systems are very stable and far more resilient than we recognize. We take that for granted. When is the last time depositors arbitrarily lost a pile of cash while not investing in risky things? That's a 'new financial innovation' largely enabled by laws and oversight etc. that your great-great grandparents didn't have the luxury of having.