Post #50922 by wzambon on the US Policy board

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If somebody wants to park 100% of their retirement savings into crypto, are you willing to fund a bailout if it goes sideways on them? Because I'm not.

The best way to avoid having to make that choice (with an economic gun to our head, as you and I both remember) is to maintain a strong regulatory oversight of such financial instruments. This was both the failure that led to the Great Recession of 2008, as well as what will lead to the likely collapse that will occur due to Trump’s rolling out the red carpet to Wall Streets creative construction of crypto derivatives.

Only this time, Trump and a few crypto bros will be major beneficiaries

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