Blockchain is simply a technology; it does not "stand for" anything. You could, perhaps argue, that it is technology that is not useful in the presence of regulatory authority; but that seems like a very broad statement to make. You would have to show that any level of regulatory would allow for a solution to all the problems that blockchains solve that is no worse than using a blockchain. In fact, they would probably have to solve those problems substantially better to overcome the network effects of using the more established technology.