Do they want this though? R/cryptocurrency is not happy, and if you want crypto legitimacy; wasn’t part of the complaint of the crypto industry that the SEC was too slow to make rules?
I suspect the folks who are interested in the cryptocurrency "ethos" as it was in the Bitcoin Whitepaper are not happy (although I think that ethos is exceptionally naive, I can at least respect it). I think they see the scams as real roadblocks to adoption and just a bad look / way to operate.
I do suspect that the vast majority of the crypto currency "community" are now just motivated by greed and/or other immoral activity like bribery, fraud, crime etc.
So yes I think some of the more thoughtful crypto community are disappointed .. but in reality much (in terms of dollars) of it really don't care.
the cryptocurrency industry love it and paid for it because it allows them to do unlimited crime against others with no consequences.
this isn't just a This Term Of Trump problem, either - letting these sociopaths get even richer now means they'll form a new layer of poison in the financial system for decades to come and have enormous influence regulation and politics.
At present I will acknowledge one great obligation to it, that is the Chapter sixth—of money page 21st “When these denominations are admitted & employed in transactions to diminish the quantity of metal to which they answer by an alteration of the real coins, is to steal, a theft of greater magnitude & still more ruinous is the making of paper. It is greater because in this money there is absolutely no real value. It is more ruinous because by its gradual depreciation during all the time of its existence it produces the effect which would be produced by an infinity of successive deteriorations of the coin.” That is to say an infinity of successive felonious larcenies. If this is true as I believe it is we Americans are the most thievish people that ever existed, we have been stealing from each other for an hundred & fifty years. If anything like health remains to me, you shall hear more upon this subject from your friend & humble servant.
-- John Adams