No I disagree with the premise. The point of government is to do what is best for society even if it is not what is necessarily popular. We outlaw the use of ce

No I disagree with the premise. The point of government is to do what is best for society even if it is not what is necessarily popular. We outlaw the use of certain chemicals despite their practicality for this reason, as an example. People may have an irrational appetite for risk in crypto drawn by outlandish stories of unlimited wealth, but government should see it for what it is: a way to do finance without playing by the rules of finance, and step in proactively. By acting after everything is over and investors are hurt, they have failed everyone and their mandate accordingly.