Perhaps there were just too many institutional investors that got burned by Terralabs and the UST depeg and collapse of Luna.
Crypto market cap dropping from $2.8 trillion to $1.3 trillion in 6 months will apparently do that to politicians.
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Interesting read! 
What struck me was where they said “…for every digital currency with staying power, like bitcoin, there have been hundreds of failed or worthless currencies in crypto’s short history.” 
So many things happening with other coins that I’m getting more and more convinced that I should just stick to BTC rather than gamble on the others. 
That might make life a bit simpler for sure. You might give up some gains for the peace of mind, but then again, even BTC is still crypto. So the stress is always there.
And founder of UST/Luna is back in the news, because…
he was arrested in Montenegro using falsified travel documents.
Now why would he be doing that?!? Hopefully we get some answers.