I don't know if anyone is thinking the same thing, Banks are collapsing and they want to regulate crypto? How is this going to be possible? How can a corrupt system brings a transparent regulation to the crypto space? I think that this regulation is a FAD, the aim behind this regulation is not about saving mankind from crypto rug pulls, I think the plan is to squeeze the life out of crypto because of the attention its getting.
If anything needs regulation, it is CENTRALIZED EXCHANGES only.
Do you actually get bothered about their regulations plan, this is clear to us that they have their personal interest in doing this which cannot work in line with bitcoin protocols on the blockchain, so it is purely directed to all centralized exchanges and currencies, there's no how they can be vade the attempts from government interference since they are centralized in nature, government cannot regulate bitcoin abd they know themselves.