What I meant is that the complete lack of any oversight makes it easier for outright scams to flourish, especially for new investors who don’t yet have the knowledge to separate solid projects from “obvious garbage coins.” Even minimal consumer protections, without touching the core decentralization, could reduce the amount of fraud.
Fair enough. And that would be great if regulations were to provide the end user with protection. But what I've seen so far from regulations has never been user protection but instead they were all for more surveillance and control.