> In crypto, by design, there is no regulation, nor is it really possible. This is the something that's special about crypto. If by "regulation" you mean an ex

> In crypto, by design, there is no regulation, nor is it really possible. This is the something that's special about crypto. If by "regulation" you mean an external authority dictating rules to the crypto world, then yes, there is no regulation. But how many times have regulatory authorities for legacy finance lost track of the ball and permitted dangerous activity and even outright fraud? In the late aughts, regulators were so blind to reality that they permitted the Madoff scam and even the completely reckless trade in CDOs & CDSs that tanked the global economy. Then they promulgated "too big to fail" and bailed out the banks that had defrauded us (though at least Madoff went to jail). On the other hand, if by "regulation" you mean a set of rules that can help guarantee the credibility, transparency and stability of financial institutions, then crypto can absolutely do that via e.g. smart contracts. That regulation would be entirely opt-in and the onus would he be on the buyer to evaluate the crypto for dangerous & vulnerable bits. That may be easier said than done. Regardless, GP's point is well made, and the story about crypto regulation isn't so clear-cut.