Should Governments Be Allowed to Regulate Crypto as Its Growth Increases?

[Midexmth]

In today's world, people have increasingly more confidence in investing in crypto through exchanges without panicking. If we were to go back 5-6 years, telling people that your money was stored or saved to increase on an exchange would have raised concerns and warnings about potential scams, with advice to withdraw funds immediately. And now even major players in the banking sector are now heavily involved. Now talking about growth, I believe that excessive growth can also have disadvantages if not managed properly. For instance, look at what's currently happening with Binance, which is facing allegations of corruption, similar to OKX and other reputable exchanges. However, I don't blame them entirely, considering the massive amount of money flowing in and out of these exchanges. Just yesterday, Bitget announced achieving an all time high Protection fund valuation of $690 million in January 2025 alone, similar to other exchanges like bybit. https://www.bitget.com/support/articles/12560603822498

The influx of funds is substantial. With all this analysis how can our exchanges be trusted with large sums of money or do you think the government should be involved?