This is incorrect. There are now non-wealth ways to become accredited: https://www.sec.gov/education/capitalraising/building-blocks...

> You also imply that it's a forgone conclusion that crypto is a bad thing.

I don't. Based on the trash fire of the last decade that would be a reasonable conclusion. But my point here is just that it's unregulated, and therefore has a much higher level of risk, especially to unsophisticated investors.