This is a straw man argument. Crypto miners come with massive negative externalities that they aren’t currently paying for in the form of carbon emissions and higher electricity costs for everyone else. These are quite serious and only getting worse.
While I tend to agree with you about the futility of government regulation, it’s hard to see a future where proof of work mining is done sustainably.
While I tend to agree with you about the futility of government regulation, it’s hard to see a future where proof of work mining is done sustainably.