Currently crypto is too free to make it easy for anyone to make coins or tokens, unfortunately because it is too easy to make tokens or coins it is widely used for scam projects, strict regulation is needed to ensure that projects are not used for criminal acts.
In this context I agree with the purpose of making regulations for crypto, sometimes what worries me is, if the government gets too far involved. So it can undermine the decentralization that is the nature of blockchain technology. What do you think?
If they get involved they follow a standard that is based on a centralized manner, therefore the decentralization factor that makes crypto popular will be gone because of the regulation. Ask yourself, what do you think is the reason why the crypto market is growing? The simple answer is people see it as an investment rather than a payment system, therefore it really boils down to the fact that a decentralized payment system does not really beat the centralized system because that's not how people see it.
People see opportunities and they just simply grab it, most of them are not really into adoption but more on
investment, we can't measure who are those who favored regulation than those who still wanted to keep things as it is
and what's the value of making everything decentralized.
Money making is how people see the value of this market for now, in regard to regulations it's still on self
opinions and acceptance.