[hanklazard]

There’s an important subtlety here though:

Centralized entities (ie businesses) that are holding people’s funds absolutely should be regulated, and certainly more than the current state. The scammers in this space don’t have any real connection to the tech per se, they’ve just identified a relatively friction-free way to scam people.

“Crypto” itself (the tech) can’t be regulated, short of coordinating all countries to confiscate mining rigs/validators and make them seriously illegal, thus breaking the network.

So regulating the businesses does not invalidate the premise—it just protects people as they onboard funds.