And slowly people learn why banking regulations exist,(reply>), I literally tried to warn all my friends about this. Crypto isn't special and regulations exist for a reason.,(reply>), Defi has been fine  before companies like wall street came along with Cefi. So it's more comparable to a bad traditional bank then it is defi. True defi can't be regulated as it's decentralized by nature. What mainstream folks confuse is wall street shilled projects and companies with real defi. The problem with regulation is it's always the same bad actors regulating themselves and putting their people into political office to write regulations favorable to themselves. That is why real defi was born. The benefit of a good crash is it will wash away a lot of the garbage.