The point of many of the banking regulations, is that it's easy to make mistakes, even for the most honest brokers, when handling other people's money. "Crypto prophets" have praised freedom from onerous regulation as a benefit; but that position misses that some regulations are more beneficial than not.

Or it could all be rich arseholes fleecing the gullible tech bros by dealing in "crypto" labeled ponzi schemes that never had much to do with the distributed, unregulated exchange structures the prophets preached about.