Thanks for the post Stan. I mostly agree with you - especially this point -

"A self-regulating body for one industry cannot be allowed to regulate a competing industry."

Both the SEC and Federal Reserve are composed of pre-selected individuals from their respective industries. It is simply anticompetitive to permit incumbents to regulate competitive businesses out of existence.

In a nutshell - we must not permit "regulatory capture" to chop at the young roots of this movement.