Good. Too many scams and dumb money in crypto. It's amazing to me how naive people are. "Durrrr, crypto will bring down banking. Drrrr, crypto will bring down governments." Some common sense, level-headed regulation is needed to keep the idiots who just want to blather on about lambos and moons in check.
Those idiots take advantage of those innocent people and make money. They pretend to HODL, while they sell. Ultimately the losers will be innocent people who keep on believing the hype of crypto. Forecast is such btc will be of null value in an year or two.