> it is their (US government's) obligation to reasonably check predatory fraudulent activity
Crypto, by-in-large, is not predatory. Most fraud checks are after the fact. Fraud can be triaged, but there is no getting around the reality that there will always be people who don't value risk properly. Again, this is not a problem for other people to solve.
This is not a reason to pretend it's a larger issue that will affect your gambling experience.
I disagree and believe crypto is by-in-large predatory. The crypto handbook seems to be:
1. create coin
2. promote coin and get people to 'invest' in it
3. move the 'invested' money ("rug pull") into your personal account
4. disappear or do it again
> there will always be people who don't value risk properly
This is true. But we cannot compare making a wrong call on the direction of highly regulated Microsoft stock with 'investing' our money with people who are almost certainly going to steal all of it with zero consequences.
> will affect your gambling experience
You call this gambling. But the crypto creators promote their coins as investments with 'exchanges' and so on.
Financial investments and gambling are both highly regulated industries but crypto is subject to regulations from neither.
We are not arguing about if there is fraud or not because that is not the issue at hand, nor in dispute. Again, this has nothing to do with the original point. Other people's bad choices do not affect the enjoyment of gambling. GL with whatever.