This feels like a step backward, especially when crypto is still being used to scam everyday people and fund shady operations

Decentralizing enforcement sounds like code for making it easier for big players to get away with fraud. And of course, under Trump, it's no surprise they'd want to dial back oversight just as things start getting more transparent. We need stronger regulation in the crypto space, not less, especially to protect consumers and prevent illicit financing. This move just opens the door wider for corporate abuse and financial crime.