Cool, lets remove all laws and regulations around everything then, after all, government is just other people saying they know what's best for you. Job done.

Your argument is also fallacious in its assumptions that I don't think those other things are bad or require action.

We shouldn't. Many other countries don't allow that. Putting profits above human wellbeing is how the US got to this place. The US even allowed open MLMs like Amway. The people shilling these scams have immense amount of lobbying against any kind of financial regulations, which is exactly what crypto is doing