That's a soundbite that people like Brian Armstrong use, because it's shifting the blame onto The Enemy (the traditional finance system) but it's a hard sell. P

That's a soundbite that people like Brian Armstrong use, because it's shifting the blame onto The Enemy (the traditional finance system) but it's a hard sell. People engage with cryptocurrency because it offers the sort of unbounded financial opportunities only available when there's no regulation: there is already regulation that applies to all financial companies, the reason FTX primarily operated outside of the US was because of that regulation. Had there been "regulatory clarity" that further reiterated that what FTX was doing outside of the US isn't acceptable inside of the US, FTX would have remained outside of the US and continued to do the unregulated things. Anybody who wanted to use an exchange that complies with regulations could just use Coinbase. There's a reason people don't.