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.
Centralized exchanges on the other hand don't even need regular as long as it is crypto related and on thing I know is that crypto and Bitcoin can't be regulated and if it could, the government would have monopolized the whole crypto industry and milk the hell out of it but they couldn't and wouldn't not in any recent times and that's why they had to put some restrictions on its usage and acceptance as that's the most they can do about crypto regulations.
We've gotten a whole lot of warnings against the use of centralized exchanges that's because it seems to be controlled by a group of persons and nothing is actually certain in the crypto industry and just in the case with Luna and FTX I think people should have learnt their lessons by now that nothing is guaranteed in industry and we're all responsible for every action we take.