According to various estimates, the number of active market participants is between 3 and 6 million. (the-blockchain.com)
In fact, I would argue that more active market participants would be the first to say that making directional calls is mostly a waste of time and energy. (theirrelevantinvestor.com)
Under Parker, an agency, such as the board, controlled by active market participants would have such state - action immunity only if the challenged policy is (1) clearly articulated, and (2) actively supervised by the state. (abajournal.com)