Chamath argued that the FTX blow‑up would set back U.S. policymakers’ desire to let ordinary investors qualify for private/crypto markets via a knowledge‑based test by “a decade, if not more.” (podscripts.co) But within about two to three years of FTX, Congress actively advanced exactly this concept: the Equal Opportunity for All Investors Act of 2023 and its successor H.R. 3339 (2025) direct the SEC and FINRA to create an exam so non‑wealthy individuals can qualify as accredited investors, and the 2025 version passed the House unanimously. (congress.gov) The SEC’s Investor Advisory Committee has simultaneously been exploring ways to broaden retail access to private equity/credit—explicitly discussing redefining accredited‑investor status around sophistication or testing—and recommending structures to make private assets more available to ordinary investors under stronger safeguards. (barrons.com) In parallel, U.S. policy has expanded retail routes into both private funds (e.g., alts in 401(k)s) and crypto (spot bitcoin ETFs and easier listing rules), which increase ordinary investors’ access rather than freezing it for a decade. (ft.com) While FTX did stall some specific crypto bills such as the DCCPA, the overall post‑FTX trajectory shows continued and even growing momentum toward broader access mechanisms, contradicting a 10+ year policy chill. (en.wikipedia.org)