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.
Yeah, it's not the entire market that needs regulations but those centralized exchanges and services that can be said to be at their control. These banking system are nowhere to go and that's why they're looking for ways to bail out and to tell people that they're doing good even if it's visible in our naked eyes on what's actually is happening on them. Together with the government, they're helping each other trying to regulate crypto but in reality, they should be the one that must be monitored because of the scenarios and events that has shown to the world on how corrupt they are.