Cryptocurrencies as an asset class are super young compared to other traditional financial markets. New coins and tokens are going live it seems weekly, and governments and jurisdictions are struggling to keep up with regulations and oversight.
Regulation is meant to keep individuals and businesses safe from scammers, shillers and hackers, but also from inexperience and highly volatile market conditions.
Due to their anonymous nature, cryptocurrencies are also in the cross-hairs of law enforcement and regulatory organizations who are trying their best to maintain order and oversight with anti-money-laundering programs.
New DeFi products and services are hitting the market with unknown potential for affecting the entire crypto market.
Regulations are needed and they're inevitable.