Well, the whole financial system with its zero interest rates and 0% bank deposits looks rediculous compared to insane 50%+ gains by just buy and hodl. No government would tolerate this, especially without the ability to collect taxes.

This is a stalemate. On one hand they cannot call it a Ponzi scheme, which is what it is, because everyone is already in, on the other hand, they want to regulate it to death and tax every single transaction.

So, adoption and other bullshit aside, the internet meme stocks for the poor will be allowed only on coinbase and others "certified" exchanges with direct data feeds right to IRS and other govt agencies. Everything else will be banned. Nice and simple.

It is when, not if. EU will follow.