I'm not convinced on that front. I think gov should exist in some capacity but they should be regulating corporations to protect consumers rather than working hand in hand with them against our interests.

An unregulated market is what crypto is, and it has stolen so much from people because they are allowed to get away with it with no repurcussions. The president of the USA launch a fucking scam coin days before inauguration. Had anyone but trump done this people would be up in arms, as they should be.

Regulations will kill most of this market, taking down the majority of the scams, but it will legitimise the space for countries and institutions to get involved with the projects that remain afterwards.