I'm pro-crypto. This is just a repeat of Mt Gox from 2014. Same scam. Gamblers and get-rich-quick idiots get wiped, as they should. Those people don't want regulation; they see that as an obstacle to becoming billionaires. In a few years, you'll see them gambling their money again.

The real reason there'll be regulation isn't because the community wants to be reassured; it's because governments are afraid, and want control over the entire financial system since they believe they can tame "systemic risks" (while using bullshit value-at-risk models; I guess everyone in this story's an idiot). And in the new bull market, when the abysmal idiots want to get rich quick again, you and I might bail them out.