In my Opinion regulating cryptocurency industry will be a good thing in the long run, with the most important aspect being mass adoption. Everybody on Steemit is really early adopters of the new technology and this will count in all our favours in the long run. For me regulation means mass adoption, as more and more people will feel more comfortable to invest their money in Crypto Currencies. And we all know that when more money comes into crypto, the prices of everything usually goes up and I do not believe that regulation will cover that we all have to declare exactly how much Bitcoins we each own.
Regulating cryptocurrency is very good in the long run and if bitcoin be regulated once then there will be more millions of people who wants to invest into BTC because once it has been regulated then they will feel secure and safer and if there will be any issue then there is a person who is answerable to them and even bitcoin market will also grow after it has some regulating body over it and it will definitely happen in the future.