[albinofrenchy]

It isn't clear to me that regulations could or would cause that. Or that not being regulated would prevent it.

FDIC / SIPC type protections would be beneficial to consumers in cases like FTX. I'm guessing if a crypto version of those things existed, FTX would have massively failed to secure membership since by all accounts it was outright fraud. And if they did, US consumers would receive some portion of their funds back.

I think things like ethereum could have real value but as long as the landscape is littered with rugpulls and ponzi schemes I don't think it will realize that potential.