gaetanrickter

There are more crooks on wall Street (including the Banks) than in crypto.

Edit: Source: The 2008/09 financial crisis. You really don't need a specific source here as it's clear to everyone that Banks have done great dishonest disservices to their customers. Wells Fargo's latest news is case and point.

¯\_(ツ)_/¯ it's the wild west. Do you think I want to trust my money on Wall Street instead?

Good and hopefully they'll be cleaned out so we can have decent investments in quality cryptocurrency startups.

In the conclusion:

"Distributed ledger and other emerging technologies have the potential to further influence and improve the capital markets and the financial services industry. Businesses, especially smaller businesses without efficient access to traditional capital markets, can be aided by financial technology in raising capital to establish and finance their operations, thereby allowing them to be more competitive both domestically and globally. And these technological innovations can provide investors with new pportunities to offer support and capital to novel concepts and ideas."

"Said simply, we should embrace the pursuit of technological advancement, as well as new and innovative techniques for capital raising, but not at the expense of the principles undermining our well-founded and proven approach to protecting investors and markets."

All things considered, this is a positive outcome for crypto making it an even better investment.