I'm sure there has been some kind of lobbying happening right now from entities
especially on the banking sector who feel that their interest are threatened by the emergence of cryptocurrencies.
I really don't think commercial banks have a problem with cryptocurrencies in that sense. If anything, they can monetize them by offering services like brokerage, custodianship, savings and loan, etc.
It's
governments who might not like cryptocurrencies because they avoid government-controlled channels. They can't freeze or seize bitcoins, for example. And if lots of economic activity leaves fiat monies for cryptocurrencies, the ability of governments to control their economies is weakened.
Regulating cryptocurrency for banking purpose would only create a centralized system and we will see more of centralized coins arise which will already divert from the bitcoin main objective that it was created for.
They're just talking about regulating service providers like exchanges and payment processors. This isn't really about cryptocurrencies themselves.