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.
we should look from both sides. if in my opinion the good side of all regulations is made to protect traders from criminals, who usually enter trade only to cheat or for something bad, for this reason regulations are made. because those who have evil intentions will certainly be detected by law enforcers, so regulations are the protection of the authorities to protect all citizens.