Watch an ant colony. It adapts automatically. When a heavy rain washes away a hill, the ants rebuild and reroute, somehow communicating rapidly across the entire population. They grow until the ecosystem restrains them — including the day a human pours boric acid down the main hatch.

Complex systems regulate themselves. If they don’t do it effectively, entropy takes hold. They decay and die.

When these systems bump up against other systems — governments, markets, existing players — the friction and interference cause regulation. When the philosophy of a technology does not allow it to regulate itself without the “help” of outside forces (or adapt around them), it has failed.

Crypto is no different. It is self-regulating. It’s simply grown to the point where the impact and the fear of the unknown have caused “regulators” to take action. The regulation starts with the markets. You know things are getting heavy when the top 20 countries of the world have a meeting to decide what blockchain means.