If I were a nefarious state actor, or another powerful entity with an interest in tearing crypto down as an industry, I would just facilitate the launch of mega-rug after mega-rug to suck all the liquidity out of the system along with any scraps of goodwill. And the industry would be pretty powerless to stop it.

noun seven three zero | based & optimistic Ξthereum Ξnjoyoor | founder: zerorights.media, zeropod.xyz and the /yellow collective

(Unless the industry could collectively figure out how to stop aping every single scam coin, but survivorship bias is a helluva drug.)