There is no Bitcoin regulation as long as you keep using Bitcoin for your transactions. The regulation can only refer to the exchange of Bitcoin into FIAT.
Yes, of course. We all know this when we talk about regulation. In USA, the government will not tax you if you are just holding on to your Bitcoin but once you sell them to the dollar then you have to pay some taxes because in all probability you gain something as profits.
The government is well aware that they could not really shutdown the operation of Bitcoin so why waste time why not instead put some regulations on the transactions? This can be a win-win situation actually.