True, some even went as far as changing the law to make sure a bank can buy their competitor's stocks. If they can do it without any repercussions, then other regulations don't really mean much since they can just change it anyway. Even if crypto is fully regulated later on, I won't be surprised if they can change the law as long as it suits their purpose.
Their regulations never meant much and their policies are mostly not effective, we would be taking several steps backwards if banks are allowed to regulate Bitcoin in any way.
They would definitely change how it works, more control for them and it would no longer be a P2P transaction protocol, everything would have to be approves first.
- Jay -