How can a corrupt system brings a transparent regulation to the crypto space?
Bro, You are so optimistic about the crypto sphere, which is good for health but to some extent. Words that you are using are not the work of people who are on the right path instead it's the work of those people who know they are fooling around and making money out of it and always said "crypto is bad". I hope you catch my point here. Let me shed more light.
Banks or centralized authorities not involved in crypto always use hacks and faults in Defi space as a weapon to discourage crypto users and also their own banking users so that they tend not to use crypto features. i know, now things have changed for them like we can say it's a rough time for those same banks and centralized authorities. But we should remain calm and let the world see the beauty of BTC.
i don't understand on what basis you calling those centralized authorities and banks who are promoting BTC/crypto i do not know which one you talking about maybe CBDC/ but to me how it could be a FAD for us. Like FAD means hyping some things or platform in the market by fake noise and then leaving it behind as you said to squeeze the trust of people they have in crypto.