Isn't the whole point of bitcoin permission-less exchange? I've heard people talking about the "benefits regulation will bring." But once they regulate crypto won't it lose an enormous amount of its core utility? A distributed ledger that is forced to implement changes from politicians will never allow free exchange or permission-less transactions. What's the point of it then?
If new regulations and new consensus from developers, community won't lead to censorship on Bitcoin blockchain, the core utility of the blockchain will be intact.
I only feel fearful if censorship comes on the blockchain which, if occurs, will make Bitcoin blockchain be no longer unique and different than altcoin blockchains that are all centralized and can be rolled back, censored.
Regulations can help to bring Bitcoin to mainstream if it help SEC. to approve Bitcoin Spot ETFs in the USA. and huge capital from Wall Street companies will come into Bitcoin and cryptocurrency market.