[davidgerard]

Almost all crypto market action is in China. And the ICO market there is so pathological that it's the exchanges asking for regulation.

http://news.8btc.com/okcoin-ceo-host-non-public-ico-regulati...

[mdpopescu]

The incumbents are always in favor of regulation, it prevents competition.

[davidgerard]

I think in this case it's more that they already have various governments breathing down their necks, so a show of regulation is just the thing - and trying to blame the terrible assets they're trading, rather than being blamed themselves for putting them up for trading.