Everyone hates regulation until you lose your life savings to a FinTech corporation that utilizes a back-end that declares bankruptcy, with $95M disappearing overnight and no way to claim your money. Be very wary of rich people wanting to cut regulations.
www.youtube.com/watch?v=SAFl...

Everything they're doing is logical, if you look at it from their perspective. If you were Trump or Musk and didn't want to face the law for crimes committed, and wanted nothing more than absolute power, the most logical thing is to take over the country and dismantle it from the inside out.