Wouldn't this lead to less "outright fraud and market manipulation" as those actors would have left "a few years ago"? Also, how would those tokens even affect

Wouldn't this lead to less "outright fraud and market manipulation" as those actors would have left "a few years ago"? Also, how would those tokens even affect anything today? The argument was that there will be a "crypto apocalypse" because there is so much "outright fraud and market manipulation" today, not "a few years ago". Seemingly no one can point to a top 100 cryptocurrency that actually shows "outright fraud and market manipulation" so the argument feels a bit out of place for HN that usually tends to be accurate and precise.