[mw888]

It’s a failure of culture, not legality. All crypto is open source, if it isn’t then it truly doesn’t deserve the title. Apathy on the part of investors to allow so much privilege to founders in the form of token distribution and outright control over the protocol are as unsustainable as they are preventable.

The law can come in and add friction to corruption, along with everything else, but it is only by returning to the culture in which crypto was founded that you will get anything of value - regulations or not.

[ethanbond]

We wouldn’t have any laws at all if cultural self-regulation could be trusted. Or more correctly: laws are a cultural self-regulation mechanism.