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.
AFAIK banks doesn't regulate the cryptocurrency, there will be certain committee like group of people so called financial experts will be assigned by government to do enough research about the asset and how it can generate revenue to their government. However central bank of a country is the back bone of government so they influence government as much as they can by suppressing with huge and unfair taxes, more limitations restrictions for service providers.