I don't know what point you tried to make. Claiming that a protocol can't be regulated is completely irrelevant as the selling point of crypto as a currency is that it's operations are immune to regulation.
Isn't crypto synonymous with scams?
https://time.com/personal-finance/article/popular-crypto-sca...
It's not that they are immune, it's that no one can stop you. That doesn't mean tat you won't have consequences, but if you live under an unethical reigme, the consequences may be worth it.