What do you make of Michael Saylor saying altcoins will be hit by the regulators?

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What do you make of Michael Saylor saying altcoins will be hit by the regulators?

If you watch this YouTube clip from 2:40 Saylor says altcoins will be hit by the regulator and ethereum will be clasified as a security which means it needs to be issued by a fdic insured bank. What do ethereum investors make of this?

https://youtu.be/N_YWPHy3eOQ

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