Regulation goes completely against the core of crypto which is decentralization.
Governments should stay focused on their own fiat currency, most of these governments are heavily in debt with trillions in unfunded liabilities.
Crypto is a great hedge against them.
Regulation is also impossible especially with anon coins like Monero
It is impossible for them to regulate the coin but the platforms and systems that support the coin can and should be regulated to a certain extent. We need to weed out activities like pump and dumps. Not mention bad ICOs