Self-regulatory orgs for crypto keep ecosystem afloat pending clear regulations

In places where crypto has no solid legal framework, self-regulatory organizations act as a ladder for crypto companies to evolve.
Source: Self-regulatory orgs for crypto keep ecosystem afloat pending clear regulations (https://cointelegraph.com/news/self-regulatory-orgs-for-crypto-keep-ecosystem-afloat-pending-clear-regulations)
Would appreciate your opinion about this