The problem is most outside crypto don't understand the difference between centralized crypto (FTX, Celsius, Binance etc) and decentralized crypto (Uniswap, Aav

The problem is most outside crypto don't understand the difference between centralized crypto (FTX, Celsius, Binance etc) and decentralized crypto (Uniswap, Aave, GMX) Almost everyone in the crypto industry wants the centralized institutions regulated, because they are opaque companies that could do market manipulation or steal funds at any time. In stark contrast is DeFi, the second group, who are completely transparent and have no way for the owners to run off with user funds. These ones should not be regulated (scammers should be prosecuted if they code secret backdoors, but they don't need normal bank reporting, kyc, etc) The distinction is very important.