If they continue this way, government will have no choice than to put an eye on cryptocurrency which might lead it being ban because virtual most projects they raised money for that would have helped the economy of each government end up getting abandoned.
I feel the same way too... This proliferation the market has experienced is largely responsible for the negative impression the government have towards crypto and blockchain technology. The money that have been swallowed up in a host of crypto project which have failed to deliver any solution to the society needs is alarming. Now the co-founder of TRX has left to lunch his own blockchain startup, when he could just develop a blockchain product using readily available blockchains In the crypto-community..