U.S. Crypto Laws: Could Separating Exchange and Custody Protect Consumers?

The pragmatic (or, if you prefer, crony capitalist) crypto companies that engage with (or, if you prefer, spend boatloads to lobby) lawmakers may object to my suggestion as well. I imagine they’d balk that it would amount to a ban on centralized crypto exchanges, forcing expensive restructurings of such firms and leaving only decentralized ones operating in the U.S.