They have to do their best to stay relevant. If finance goes DeFi and people take responsibility for their own actions, then the regulators cant say they are doing things to "protect the public".
Of course, this is a fallacy; they are in place to protect the establishment and the existing players.
The EU is going batshit crazy with their desire to keep the failing actions of the ECB going. They are even worse than the US which is hard to be.
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ECB has been on a mission impossible from the start. I mean what problems could having Greece and Germany in the same monetary union possible cause. The whole charade smacks of German mercantilism. Germany wants to maintain a permanent trade surplus. Merkel's fourth Reich as they say.
True although I think the same could be said for most of the countries in the EU. Having the north and the south together is not the best of ideas. Hell even the Germans and the French arent too fond of each other.
The fact that the EU is not a leader in technology has caused it a host of issues. They cannot rival the US, China, or even Japan.
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