The US Federal Reserve seeks to create regulation for cryptocurrencies based on a one-to-one parity with fiat currencies. This measure could pave the way for a complete fusion between crypto and traditional banking, or it could lead to more of the same from traditional banking but now in crypto. The more decision-making power is given to an individual or institution over YOUR finances, the more vulnerable you become to their decisions. It is not that I wish to be protected by a reserve fund for the issuance of stablecoins in the crypto ecosystem; some exchanges already have their reserve funds. It's better to know where to keep your money rather than with whom.