Is not about thinking others are doing it for fun. There's a huge difference on doing things under compliance after registering a pseudo-bitcoin-fiat-backed "startup" business asking permissions to govt do things with vc versus an anonymous mint-runner that just operate in the private, without asking permissions to anyone, because s/he just knows s/he can do it and is not hurting anyone, nor committing any moral crime.

The people giving him grants must know this.