My opinion: There should be regulations in place. Too many Ponzi schemes have already stolen a significant amount of people's money, tarnishing the reputation of cryptocurrencies. However, there should not be an excessive regulation that renders crypto useless. While the SEC may seem to protect the average person, it is known that influential players may prefer the destruction of crypto - according to conspiracy theories. I believe that many cryptocurrencies are securities and should be regulated accordingly, especially those created with the intention of deceiving people. Fraudulent projects must be eliminated and measures should be taken to prevent the emergence of new ones. Legitimate cryptocurrencies should be given the necessary space to flourish and create value.