I think we are in a catch-22 situation. Or better said, we have a huge dilemma which we may not be able to solve. On the one hand, crypto's core is decentralisation and anonymity. Hence no regulation is possible. Well, not entirely true, since crypto is never 100% anonymous, and regulations will force crypto to become even less anonymous. On the other hand, regulations will attract big money. Without regulations, all that big money will not enter crypto. Without that big money, crypto will stay niche, a novelty, use by a few. The latter is not what we all want, I suppose. Hence regulations may be required. Even if this is against the core value of crypto. That said, too many abusive peeps in crypto, making use of the none regulated nature. Without regulations, crypto space may continue its patch which we can call 'wild west'. Almost total freedom, but a lot of abuse and many peeps being afraid constantly, like the peeps living in the 'wild west'.