cryptocurrency is based on a decentralized system.
the application of securities laws to cryptocurrency markets would harm their growth.
cryptocurrency has no clear underlying factor that impacts its value and price.
it will stop being decentralized.
the main point of bitcoin is that it is a decentralized peer-to-peer payment network, eliminating the need for intermediaries.
it somewhat defeats the purpose of cryptocurrency, doesn't it?
better to invest in real fiat in this case. i imagine if it is regulated, fluctuations would be corrected/influenced as well. so the main purpose of investing in that - to gain high profits - would disappear.