On one point, I fully agree with you - the whole purpose of regulations is to stop schemes from getting out of hand before the money is gone, because once it's gone, it can't usually be recouped.

But that said, I feel something is fundamentally lacking in our education system that people were convinced to put money into this shithole because Matt Damon or Tom Brady or Giselle Bundchen said it was a good idea. I mean, I have sympathy but part of me is like "Stupid is as stupid does". When celebrities started hawking crypto, it was the definite equivalent of "shoe shine boy giving stock tips" to me.