So the SEC just dropped their take on leverage trading, and apparently 5x is where they're drawing the line. Yeah, you read that right—5x leverage is somehow "too much" in their view.

Let me get this straight: traditional markets have been running with way higher multiples for decades, but when it comes to crypto, suddenly 5x is reckless? The inconsistency here is wild. Traders in this space are used to navigating volatility that would make stock market folks break into cold sweats, yet regulators want to baby-proof everything.

Look, I get that protection matters. Nobody wants retail getting wrecked. But this feels less like safeguarding and more like stifling. The crypto crowd isn't asking for zero guardrails—just consistent ones that don't treat digital assets like they're radioactive while giving legacy finance a free pass.

What's your take? Is 5x really excessive, or is this just another case of regulatory theater?