US securities law needs to be completely deleted and restarted from first principles. Just consider that: 1. Securities laws were designed to protect consumers from fraud. 2. An entire industry (crypto, sorry frens), created tens of thousands of unregistered securities. 3. These were used to perpetrate the single greatest defrauding of consumers in human history. 4. Securities laws did not protect consumers nor were the perpetrators held sufficiently accountable. 5. ERGO SECURITIES LAWS ARE POINTNESS Why don't we just let people do whatever they want with securities? Who cares? The government should focus on the fraud instead. Putting unnecessary regulatory burdens around securities just stifles innovation, promotes oligarchic markets, and robs consumers and entrepreneurs of opportunity. *We're policing the innovators, not the criminals.*