This was expected right? the best way for regulators to handle this is to come clean and admit that our current money system is flawed and it needs a collaborative effort from the blockchain community to suggest the course of action and develop a regulatory plan that minimizes the volatility risk in cryptocurrency. to allow wider adoption to take place..because for now many people are scared to invest in these highly volatile markets.

One could hope that this will happen.. ideally. but in reality, we're about to find out.