The regulators don't understand that regulating cryptos is a losing battle. The very creation of cryptos was to escape the banking system that is a cancer on this world. They just want their cut.
OH! If ONLY Andrew Jackson were here today to see this amazing coming destruction of the world banking system and its futile attempts at survival. He could only dream of a scenario where the banks could no longer control the wealth of families and regular people.
"I killed the bank"
-Andrew Jackson