It’s true that the last year in crypto has seen fraud, meltdowns, and layoffs that triggered sequential failures of crypto companies. The biggest players in the industry promised self-regulation, but the actions of numerous bad actors of the past year.
As the engine of the global economy, it is unlikely the U.S. will go against the global trend of crypto regulation. The U.S. has historically met the moment when it comes to thoughtful regulation of frontier technologies.