You're right, at the end let the manipulators manipulation, it wouldn't hold that much. Most of these regulations can be laughable but then there really wouldn't be that big enough reason to make bitcoin and Crypto a culpable scape goat.
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What is laughable is they only apply to the US based entities. Without the SWIFT network, their influence over other countries financial entities diminishes.
They can post all the laws they want, too many countries will simply tell them to screw off.
Technology is changing things greatly.
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Exactly, not all the countries will actually conform to these laws there are just too many narratives and they can't control everything. It's like asking a river not to flow.
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