Sandbox already self regulated

Rich guy talking:
"The Nasdaq got to $5.4 trillion in 1999, why couldn’t it [sandbox] be as big?" the former hedge fund manager said in an interview, referring the Nasdaq Composite Index.


"There's so much human capital and real money being poured into the space and we’re at the takeoff point."


To get there, though, companies need to develop sound business principles to satisfy regulators and lend legitimacy to the budding industry, as Novogratz says cryptocurrencies face "monster regulatory risk."

The bold. No arbitrage cash means no regulation problem,been there, done that.