Between the multitude of cryptocoin scams (SQUID, MILF, DINK, etc.), Terra Luna, Tether and Bitfinex, and now Celsius, I have no doubt that the chance of a soft-touch regulation from the federal government is diddly/squat.  The New York Financial regulator issuing requirements for stablecoins for licensed firms, that they have to be 100% backed by cash or cash equivalents (Treasury Bills), is a shot across the bow.  The SEC is going to come down like a ton of bricks on the crypto industry that is going to cause companies to fold and customers to lose billions of dollars.<br><br>Like God cleansing the earth with a flood, killing almost everyone except a handful of righteous followers, the SEC is going to bring regulation to the sinful crypto bros.