I don't think crypto should be regulated at all. Finally, we have a tool that can make these regulations, tariffs and taxes obsolete and expose how useless and harmful they are.
Yes, if somebody starts regulating the cryptocurrency, it will turn to something that will not differ a lot from fiat. Everybody is happy with the crypto as it is decentralized.
Crypto will not be the same anymore if there's regulation, there's a need for regulation just to expand the adoption of crypto.
But the way on how they will regulate it is a question.
We're here because we like on how crypto's are decentralized and there's no need for the intervention of the government but if we need to expand and add more investors, they can work for it.