Government regulations for cryptocurrency always exist in two ways. The positive side for the government, ensuring the transaction occurs under the control of the government. On the negative side, the interests of investors are narrowed. Prices are controlled publicly.
To some extent it is good and to some it is not good. It is good because crypto will be more reliable when government regularize it and on the other hand it is not good because government will impose tax and they will control your transactions and this is not acceptable to many people, therefore they do not want that government should be involved in cryptocurrency.