In nature cryptocurrencies are decentralized, however with government intervention and KYC its becoming centralized. In a dangerous price manner of cryptocurrency its good for investors to have protection specially the small ones, without governing bodies we can't sue anyone who is violating others. But I believe that power and control over should only be vested to individuals or holders.
So in the end,we still prefer to have a decentralized system rather than a system controlled by the government.I think we should not lost the nature of crypto having a decentralized system because first and foremost,it's what keeps the people from entering into a crypto world where you have the full control of your money and no tax is being collected.