Comment by yalogin

I did not read this bill, but I am vey worried that regulating it will bring crypto into the fold of regular financial markets/constructs and the government will bail out any perpetrators of fraud or mismanagement, like SBF, going forward. We have collectively lost the ability to say you screwed up and so you suffer the consequences and instead bail out collective failures of corporations. The larger the failure the higher the chance of bail out. I honestly don't see any value in crypto, am not alone in that, and unless that changes I don't want it to brought up to par with USD based constructs.

I should add that I would like to be educated if I am wrong in this thought process.