Personally I hope they keep going in circles. The longer the regulators keep screwing around, the greater the benefit for decentralized platforms.
VC and centralized entities will be leery of entering full force for fear that it will end up in the sights of the SEC.
This means that decentralization has a better chance of taking hold.
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I think the biggest problem with people using crypto to do illegal activities is that fiat and banks are caught more often and for bigger amounts. Also on a blockchain, you are literally announcing who you are to everyone else.
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The banks conduct more in illegal activity than all of crypto is worth.
How about Deutsche getting nailed for laundering more than $2 trillion?
That is just one bank.
And people want to talk about illegal activity in crypto.
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