The first paragraph of the post is the best part of the article. These people only want to juice out miniscule investors, and they feel happy doing so, even though they run charities to whitewash their black investments, they only think of filling their bank accounts.
On the other hand, new regulations can help build a stable blockchain economy worth investing for new entrants in the market. But, it might cost crypto investors something to pull back from DeFi and returning to CeFi, or say it might kill the DeFi systems, as the banks are already crying out loud for bans on crypto.
I don't think it will kill DeFi and rather, I think it will help strengthen them, as people will start looking for real global alternatives to better manage and have control over their own wealth. But, it isn't going to happen without a fight.
If Binance can enter Europe with sacks of billions dollar investment on the behest of government, it is also possible they may provide governments their services to form regulatory framework for blockchain industry, and why would these centralized exchanges, like banks, want people to invest into free market, rather they will pamper governments to put more restrictions on DeFi market for their own gains. Typical Corporate thinking.