We already trust crypto, we don't need any regulations crypto was fine when there were no regulations, regulations has only made things complicated. May be that I am just looking at the worst side of it.
Regulations can be useful for us. Of course there will be some arrangements we don't want. But in general it would be good to draw borders. It is not possible to completely block Blockchain transactions. The use of people cannot be prevented, but none of us want to be used for malicious purposes.
I can give the approval of the legal regulations to be done by giving the least harm to the subject of indifference. The right regulation will benefit all of us. Especially exchange should take responsibility for their transactions. So how many people think that if the Binance closes access to the system, how many people will be victims? Why should we say no to the regulations that will regulate this and ensure people's investments?