I get invites to pump and dump groups on the daily on Discord. It's unbelievable. Not only is it illegal but it also contributes to the myth that cryptos are scams and extremely volatile.
Do you think that governments will crack on those groups?
Do you think that the people in those groups know that they're hurting the cause more than anything?
First of all governments don't have any business with the decentralization so don't expect them to save us from being scammed.
Most of the bump and dump groups are scams so they are scamming themselves and trapped by whales sometimes and lose their money.