> I think the wealth based requirement for fundraising is ludicrous and it deprives retail investors of potential life changing returns. Unfortunately, they ar

> I think the wealth based requirement for fundraising is ludicrous and it deprives retail investors of potential life changing returns. Unfortunately, they are more likely to suffer life changing losses. I’m no fan of big government but a simple analysis shows that these requirements are in place specifically to protect people from the kinds of shenanigans that are rampant in the cryptocurrency sphere. It’s almost like these sorts of things happen so often to basically financially illiterate people that the government finally stepped in and did something about it. Probably be better to teach financial literacy but that’s a bridge too far, the politicians wouldn’t be able get away with half the stuff they do.