I agree with this at the macro level. It’s easy for a government to strong arm an individual into regulation, a small company even. When the markets themselves shift, that’s when government is going to have a hard time regulating. Crypto, good and bad, is here to stay because government is slow to respond to shifts.

What’s going to be interesting to see is how this government regulations vs the people’s needs play out. The street vendors are suppling a demand, there’s a need, illegal vending or not.