I have to agree here. If you want something that is decentralized, you can't really regulate it. At some point a currency will need to exist that is "buyer beware". We have all sorts of regulated safe currencies and safe markets. At some point there has to be a market/currency that simply is not regulated. If after all these other safety stickers and markets that make sure people don't get screwed, you still decide to get into crypto, then it should be your own damn problem. Deregulation is not a bad thing, its only a bad thing when absolutely critical systems are not regulated, crypto is not a critical system, its just another currency that nobody is being forced to use. You could go your entire life without knowing what it is or even seeing it. The regulation should come if bitcoin ever gets big enough for major companies to start putting peoples 401k into it. THEN, the regulation should be on the company side who decides to put your money there, not on bitcoin as a whole, bitcoin doesnt know, it doesnt care.
What about manipulation of cryptocurrency. People with mass amounts of money can buy and sell huge amounts of Bitcoins, for example, which affects the prices. These kind of things also cause volatility. I agree that people need to be responsible for their decisions. If they choose to invest in crypto, they need to be prepared for potential consequences. If we want crypto to be a viable currency, we need more stability don't we? How can you could on crypto for general use, if you can never be sure what it's value will be tomorrow?