To answer OP's question, we might first answer a question of how regulation is implemented. Is regulation a system which functions on equality and objectivity, or is it a system which exists to maintain a precedent of privilege and favortism to some groups while keeping others on a lower scale of value?

There is also a question of how efficiently regulation functions. Is regulation imposed on citizens in the form of taxes, tariffs, fees and regulation in the form of regulatory bodies which oversee environmental protection, welfare, space exploration, certification of drivers license, mail delivery and so on function in a way that is cost effective? Efficient regulation might be described as a system which produces manageable levels of deficit and debt, while inefficient regulation could describe a system of high deficit and debt. The implications and consequences of either polar opposite can be extreme. An example of this is the USSR post economic collapse where every russian lost their state pension and death tolls climbed spectacularly as a result.

Suffice it to say there are many who claim the system (regulation) is broken. That it only exists to make the rich richer while ensuring the poor get poorer under a system of wealth redistribution. Bitcoin being unregulated may not be prone to these faults. A person could make a case for crypto being more fair and unbiased towards the poor than other financial platforms. Such might represent its main benefit.