I'm a fiscally responsible trader. Preventing people from openly trading due to irresponsible gamblers only harms people like me.

For sophisticated investors there is clearly a space inverse and levered products. Considering the very high trading volume in SQQQ and TQQQ there is clearly an active and liquid market for these products.

Inverse funds are one of a limited options to protect portfolios, also leveraged products can be a good option for short term investing.

I am a retail investor and use leverage ETF selectively to make to increase the beta of my portfolio when I have conviction on market direction. I understand the risk and rewards.
The risk of an investment in ARKK or BITCOIN or China is far greater than a 2X S&P 500. Should these also be regulated?
Every time I purchase a leverage product a disclosure pops up of the potential risks. I think that is sufficient.

Although I understand to some degree the desire to prevent people from suffering considerable financial losses, I believe this is a wrong approach. Our representatives should not be using legislation to parent the general population as in the "nanny state". It is my choice to invest in riskier investments. At most, if a person interested in buying riskier investments such as leveraged E.T.F.'s, they could be required to read and agree to a statement saying that they understand that this investment is high risk and they could lose their entire investment.

I would prefer to make my own financial decisions instead of being guided by regulations. I understand that those decisions may be risky, and the risks are mine to bear. Thank you.