We need more regulation - this is nuts

Celsius still hasn't opened withdrawals, Babel froze withdrawals and stopped paying interest yeilds, finblox capped withdrawals and stopped paying interest yeilds, BlockFi sold three arrows capital and is still trying to raise capital to meet withdrawals and interest payments- even after halving interest rates, crypto.com cut interest earns to almost nothing.

No matter how decentralized you think crypto is, if almost all major banks and lenders in the industry are at risk of defaulting - and it's up to them to figure it out, there is no bailouts available - if somebody sneezes too hard were freefalling. If one of these organizations defaults the sell off pressure is bringing the rest down.

All this is getting magnified everytime the the price of the coins falls.

If we survive this, we really need to as an industry embrace some level of regulatory obligations.