I don't trust these attempts of taking the crypto-movement within the binaries of traditional institutions. It's like betraying the true nature of this technology. I wish mass adoption could happen due to a massive movement from the people, and not from the same elites that ruined this world. What is going to happen with Ethereum? What would Satoshi say about this? Ok you regulate an operator, as it happened in new york with the bitlicense, but then what about the freedom of transfering and keeping your wallet? I hope these latter will never be monitored or touched.
RE: US to turn Bitcoin operators into "banks" - what you should know