This boils down to what is essentially a "guns don't kill people, people kill people" argument. Yes. Crypto, itself, didn't necessarily carry out any of these

This boils down to what is essentially a "guns don't kill people, people kill people" argument. Yes. Crypto, itself, didn't necessarily carry out any of these frauds or scams. But the defining characteristics of cryptocurrency are inextricably intwined with the fraud people are able to perpetuate with it. A gun's one and only purpose is to extinguish life. In the same way, Bitcoin's—and every cryptocurrency created since—one and only purpose is to skirt regulation. No one should be surprised by the outcomes of their adoption.