In my Opinion regulating cryptocurrency industry will be a good thing in the long run, ...
If you want a regulated currency, then why not just use dollars? The whole point of of public decentralized cryptocurrencies is that they do not need to be regulated. Why create a new currency when you already have what you want?
yes right the main reason of existence of bitcoin is that to provide a currency under the scope of banks and government if there will be a regulation in bitcoin market or any bitcoin transaction by the government then the aim of bitcoin and other crypto currency to provide a safe and anonymous financial transactions will be ignored and will be dismiss and will get far away from it's true meaning maybe the government can just accept the existence of crypto currency and not regulate it.