Yes, and people who lose all their money in casinos also need to be protected. I would be in favor of anyone who loses the equivalent of a mortgage payment at a casino and then misses said payment being forbidden from gambling for five years, as an example.

> Everyone knows DOGE is a joke

You know DOGE is a joke. Some people really are investing in it to make money. They are taking savings, not entertainment, funds and putting them in DOGE.

> if you assume we're all capable of independent thought, what would you propose that is not a paternalistic view of the world?

I'm not convinced that people are capable of being purely rational economic actors if that's what you're asking. Even if they were, they're overworked and don't understand the risks. It's not a coincidence that cigarette smoking trailed off once the surgeon general started putting warnings on packs as opposed to the previous few decades when he just announced it in statements.

> We don't need more bullshit like accredited investor credentials which create huge differences in access to investments

Well, we could just outlaw things like DogeCoin. We outlaw snakeoil and chain letter pyramid schemes for the same reason.