"There is potentially serious harm to financial customers when using crypto products, and therefore it makes sense for us to introduce the regulatory framework."
The monsters are such consumate liars. What they mean to say is that they need to keep you poor and that crypto makes that hard, so they have to introduce as much corruption into crypto as they have into their thieving banks.
There are only three things our lords and masters fear, and they are linked, a neat chain:
1) They are terrified that people will come to understand the truth.
2) They are horrified that we might put together our differences and finally turn our sites on the SOURCE of most of our problems.
3) They are PETRIFIED that we might give them what they deserve: #Nuremburg2