We must all understand that regulations in this space are intentionally being withheld by the regulatory authorities and governments. They can easily enforce the necessary but aren't doing so because the money being made by the top dogs is ridiculous. This is my opinion only but I believe it 1000% because I saw the same happen with gold and silver in the 90s, as well more recently with the dotcom and FX markets.
Best thing one can do if you're vested and down in your portfolio is to HODL what you've got and buy more if you can afford to do so. Again, not investment advice, but crypto is not going anywhere anytime soon.