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Aren't we, bitcoin believers, against institutions? Governments are kinda an institution. On the other hand, most of the big companies feed from governments and they probably don't want a decentralized world. If we have Libra, Bakkt and other 'centralized-regulated' systems, we will be moving away from the roots of bitcoin I guess.
In short this makes bitcoin more "friendly" to be accepted by the government so that it can be adopted en masse. Even though it is indeed the opposite of bitcoin's character. This decade is enough to prove, that bitcoin can still be a quality investment tool and commodity even though it is not fully accepted by the world, there are some countries that prohibit its use. However, overall, almost accepting bitcoin to be traded and invested even with caution because of high risk, but it is legal.