"Regulations" are not homogeneous, i think is Sun's point though.
SEC:
:geordi_nah: Do literally anything about 10,000 shit coin rug pulls
:geordi_yeah: Devote massive resources to crushing LBRY for no discernable reason except that Odyssey actually has some user adoption
It's the same anarcho-tyranny playbook the Soros DAs got: let bad actors cause chaos at will while using the state to crack down on good actors.