Then why is the stock market crashing? This has nothing to do specifically with crypto and everything to do with rising interest rates among other macroeconomic factors.

But wasn't that the big pull of crypto? Decentralized, unregulated, blah, blah, blah?

I blame human greed. People were falling for scams as far back as recorded history, they are falling for them today, and they will continue to do so forever.

what would they do to regulate it?