I agree that being decentralized, there is no real mechanism that could prevent cryptos from being absorbed into the existing system. But there were and are crypto influencers who, more for their personal benefit than for the benefit of all I think, who pushed for these types of inclusions, wanting cryptos to be another traded commodity. I understand it and I get why they would. It seems it may be a damned if you do, damned if you don't, no win scenario. But if crypto is going to change things, if it is going to escape the control of the powered elite, how can that happen if it comes under the control of the powered elite? I've seen for years how Market Makers, day traders and market manipulators have controlled the other financial exchanges, and I fear crypto will become just another tool to fleece the small player. I just think we will regret it in the end, wanting cryptos to become popular and more used by making them tradeable commodities through established systems, but robbing them of their power to change or replace those systems because the become absorbed into them and assimilated. Does that make sense?
RE: Ex CFTC Chair: "Trump Administration Popped the Bitcoin Bubble in 2017"