A regulatory crackdown could drive users from centralized exchanges (CEXes) to decentralized ones (DEXes) like LeoDex, seeking more privacy and control over assets. This migration might boost DEX volumes, as seen in past events (e.g., post-FTX shifts), but regulators could target DEX liquidity providers or bridges for compliance.
Regulators can't directly freeze Hive accounts since they're on a decentralized blockchain—control is via private keys. However, they could pressure frontends, wallets, or Hive-Engine bridges to restrict access or freeze linked assets, similar to past censorship attempts on chains like Tornado Cash.