Governments are tightening their grip on crypto. Rules around taxation, KYC, and stablecoins continue to expand. Some argue regulation brings trust and mainstream adoption. Others fear it kills the open spirit of crypto.
For traders, rules change how platforms operate. Access, privacy, and liquidity could all shift under regulation. Whether you see regulation as necessary progress or as a threat depends on how you value freedom versus safety.Do you believe regulation will protect the market or ruin it?
Regulations are needed for adoption, but real question is if we need adoption. If you want prices to keep growing, adoption is must.
But then there's an issue, that cryptocurrencies were supposed to be resilient against the governments, so they could operate under dictatorship as well. If that fundamental is not going to matter, imho the very ideal on where cryptos were build on is meaningless as well.
If we rely on governments to accept and regulate them, price support relies on that too, and as soon they reject their acceptance, it would create panic unlike anything before and sink markets. After that there's no going back to ATH, as we would know it all could happen again.