Is the internet the new wild wild west?

Who regulates the internet?
There are so many scams going on nowadays.
And these scammers are just out in the open. Taking people's money promising them, business promising them away to generate an income and they are Robbing People right out in front of everybody. Who regulates the internet to keep people safe from scammers. And. The scammers are trying to make as much capital right now by taking other people money so they can put it all in

Bitcoin.

Our politicians see it happening. But not one of them will do anything about it
Is the internet the new wild wild west?
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