This was an extremely perceptive post, my friend. I appreciate the way you have described the balance that governments are attempting to balance between ensuring that the investors are not harmed and ensuring that innovation is not hindered. Regulation is indeed essential, but must not kill the freedom that is the unique factor in crypto. You did make this subject simple to read.

I completely agree with your statement on the emergence of CBDCs. In my opinion, this demonstrates that even governments are already embracing the idea that digital currencies belong to the future. The only thing to do is to seek a reasonable middle ground where the two can co-exist.

Based on what you told me, I have come to know that any form of change, including regulations, has the potential to bring about growth provided that it is managed prudently. Personally, I believe that the future of crypto will be even more positive as soon as governments and innovators collaborate rather than compete.