Governments are targeting cryptos because we are at a breaking point on all financial systems

I believe governments are seeing the possibility of their financial systems crashing, which could send a lot of people, and a lot of money, fleeing to some other markets, and in this case, they could flee into DeFi, which is completely out of their scope of control.

This is why, we are seeing them split their time into both doing what they can to salvage their banking systems, and banning/regulating the crypto space.

This could be a make or break moment, both for TradFi, and DeFi.

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What do you think?