And by definition, a Ponzi must continue to expand, and expand quickly. Regulators are literally waiting until cyrpto completely runs out of possible new customers to intervene. The government is maximizing the damage that crypto does.

Thank god we haven't gotten to crypto for kids yet, but crypto bonuses on credit cards is getting very close.

The government moves very slowly and basically waits until the problem is over before regulating it.

As it should. The problem with government is that it lacks perfect knowledge, which would only be exacerbated by acting too early.

> The problem with entities is that they lack perfect knowledge, which would only be exacerbated by acting too early.

FTFY. Nothing about this is exclusive to governments.

That's a very good thing.

2017. That last crypto boom. After that whole run we should have probably looked into more regulations.