Issues with further Crypto regulation and integration

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Issues with further Crypto regulation and integration

Correct me if I’m wrong, but isn’t the point of cryptocurrencies to avoid government interference in our capital? Today we continue to see more and more of a push for regulation and integration with existing legacy systems even though that directly contradicts the original philosophy of the cryptocurrency community. For example, under the “GENIUS Act”, we have further regulation on stablecoins and the assets that back them. Why? If the dollar fails, if gold fails, then let them. Crypto will survive. Am I completely wrong here? Because I feel as though we ought to be wary of governments “friendly” to crypto, as that may come to bite us later.

Kasun Premathilake Answered question
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