The threat of regulation forced so many teams to be creative in ways they wouldn’t normally be to survive. Stablecoins disrupted crypto and has crowded out the decentralization ethos near entirely. 

I think the next wave of rebellion comes from privacy preserving FHE compute, zk, and selective disclosure..

Regulation often sparks innovation, but at the cost of decentralization's core values. Privacy tech like zk and FHE could indeed fuel the next crypto revolution by restoring user sovereignty while complying with necessary oversight. Exciting times ahead!