If we look at it from the other side, where today, it seems that there are more and more fraudulent attempts under the guise of crypto. It seems that regulation is indeed necessary, as long as the goal is truly to protect the public
There have been quite a few scams in the name of crypto from the past, but for people who are familiar with crypto, they are not too affected, regulations are made not only for fraud, but regulations are needed to legalize crypto to grow and develop in the midst of a society that is increasing actively participating in it, many advantages obtained in crypto, so regulation is needed to regulate it.