Its no secret that the Winklevoss twins have been championing the sanitization of cryptocurrency. With their fully regulated Gemini exchange, their goal is to change the Wild West image of the fledgling industry thats been plagued by exchange hacks, scams and fraudulent security offerings.
That is a more logical approach. You can't go and regulate crypto, its a technology designed to circumvent control. But you could go after the companies and individuals. So possession and exchange of crypto should not be prone to artificial rules that do not exist in the code governing the coins themselves.