The "crypto" market's memory is exceedingly short.

His points #3 and #4 are precisely why the "crypto" market will have another bull run. Because VC greed never dies.

It'll be brand new companies just like FTX and BlockFi but with new names; wolves in sheep's clothing.

They will find loop holes around the "securities" issue.

Because scammers gonna scam, and n00bs are completely oblivious to crypto history.  

We are 13 years into Bitcoin's birth, and the ONLY regulations inacted have been on poor Average Joe (i.e., KYC/AML, id and bank account required, taxes on buy, sell, and profit, etc.), NOT on the scammer exchanges and VCs.