Although, I believe the crypto regulation will speed adoption and recognition but in the article link you share I wonder why the writer says regulation will prevent market manipulation which is totally wrong. Besides, he also stated it will make people understand the risk when almost all crypto exchange sites provide a popup notification to every new account register on their platform about the risk involve in crypto trading.
Where are we really heading to? We all used to boast of how Bitcoin is a currency that was created for our freedom and how we can now be able to do most things and be free from the government, but now you people are talking about needing government regulation, doesn’t that defeat the main purpose as to which Bitcoin was created for?
I know it hurts but it's the sacrifice we have to if we want Bitcoin to be mainstream of payment and you seem not to understand that the government can not regulate Bitcoin or the market but they are going to regulate major crypto exchange and organizations.
How exactly would having government regulate the market be able to reduce the risk and increase adoption?
I never said the government regulation will reduce risk but it will help adoption because there are people who still don't trust crypto because the government is not involved.
If the government starts regulating the crypto market, it doesn’t change anything for the better, rather things might even get worse. Anyways, what did I know? I would just stay and watch where the market is heading to.
The government can not regulate the crypto market but in the future, the institutional investor may have the power to manipulate the market just like the whales did in the previous market because they are currently the major holder.