You may have missed the part where I said US residents who are new to crypto – they cannot open a new account on Liquid, KuCoin, TradeOgre, et al. Even if they could (but they can’t), the liquidity could not support such orders. If I gave you 20 BTC right now and told you to go pick up 50M ETN you couldn’t do it without causing the price to go up 100’s of percentages. This is a real problem for them. Liquidity and regulatory compliant access.
The types of people I’m speaking about are not “rebel investors,” and it should be noted neither are VC firms and Angel Investors, but the latter are willing to speculate through proper licensed and regulated channels. Nobody is arguing the risks involved, but there are right ways and wrong ways of doing things. A fully licensed and regulated US based exchange for the first fully KYC/AML regulatory compliant crypto is not too much to ask.