Now don't get me wrong, I believe cryptocurrency will have its place in the monetary system, I think crypto is good, plays an important role, keeping governments on their heels, limiting their ability to pump and pump currency into the financial system especially as cryptocurrency becomes more widely accepted.
However, some regulation is needed as cryptocurrency becomes more widely adopted as a form of currency. Regulation is needed in the various exchanges as many of them lack the liquidity, let's be honest its the Wild West amongst many of them. Whoever carries the biggest guns will win.
Read more about the First Coin Capital Corporation ($BITCF) article that goes over the SEC suspending trading of the publicly listed Bitcoin Firm. As many of you know, this is doom for any publicly traded company.