"Crypto fans" never wanted centralized exchanges dominating the entire space. Cryptocurrency was invented to put an end to banks, not to create new unregulated pseudo-banks that are even worse than the previous system. You think we're not aware of the fact that exchanges have access to vast amounts of market information? They can literally bet against their own users on futures if they want.

We want deregulation when it comes to our money. We want the ability to transact with absolute unconditional freedom and privacy. These exchanges? Hell yes, go ahead and regulate the crap out of them. They are not our friends. They're banks. The biggest failure of crypto is the need for exchanges. We were supposed to mine our own coins and use them in everyday transactions.