Regulating a decentralized thing? Impossible thing to happen.
Talking about governments view about crypto which is definitely true and once they do have that kind of perspective from the beginning then changing it would really be hard. As of saying "First Impression Do Last".
Once decision is set then you cant do anything about it.
What do you mean impossible, lol? It's already happening in places like Japan and Malta. Suspect the US will follow suit soon enough. Some sort of regulation will be absolutely necessary. For this space to thrive, it needs oversight and protection. I hope you're not thinking crypto will enjoy mainstream adoption without being heavily overlooked. That's just a pipe dream. Maybe possible in self governing, autonomous communities. But that's science fiction for now.