Do you really believe that the government is there to do you good?
I believe in the self regulation of the market. Rules imposed by the authorities only create confusion, scare people away, and most importantly aren't free. If the government touches something and puts in work it's going to have to bring them profit later. This means taxes on top of taxes for you and guys in suits on your doorstep.
It's actually better to have a self regulating body if it is impossible for this to be imposed. If there are private parties within the cryptocommunity which could provide for the regulation, then there won't be need of government intervention.
While the government has the task to protect and safeguard it's citizens, they also generate revenue through taxes - a tool they could use through cryptocurrency regulation. Expect taxes when the government gets involved. Are you ready to pay a little extra when this happens?
Of course i'm not ready to pay extra. I would be if I knew that the money is going to be used to do good, that I will actually see things change around me and feel safer. In reality money from crypto will go towards something irrelevant in the big picture, but something that the government finds to be important, like building new missiles or putting drug users in jail. The typical policeman will remain as uneducated and unaware of cryptocurrencies as he is now.