I find it difficult to evaluate the potential regulation of cryptocurrency. I think it is necessary, in any domain, to have good laws that enable activity while protecting the people.

At the same time I don't have a great deal of faith in the ability of the existing government structures to enact legislation in the interest of society as a whole.

That presents a serious problem that makes the world of cryptocurrency pale into insignificance. Without belief that laws act in the interest of humanity in general, faith in the rule of law erodes. If that erosion is not stopped eventually nothing remains.

I hope things are not as bad as they seem to the outside observer.