Regulatory Challenges and Structural Issues in Crypto Space

The chapter explores the regulatory challenges faced by the SEC in governing cryptocurrency exchanges and the implications of a lack of meaningful innovation in the crypto space. It discusses the potential consequences of a crash in the ETF market, regulatory oversight in the industry, and concerns about the classification of assets like Ether as securities. The narrative also touches on the impact of regulatory arbitrage on the industry and how institutional influence and structural issues affect young individuals' perceptions of legality and morality.