If there will be a regulation for the cryptocurrency, the prices of almost all of the cryptocurrencies will go up high because the people will see it as a good news since the government is acknowledging the value and use of the cryptocurrency. I am wishing this type of scenario for a long time for the major countries and also to the growing countries so they can rise up fast.
People believes too much in government, so if regulation happen they will thought of it as legal and they will feel safer since government backed it's rules, without them knowing that it will also adds too much tax and limits on the now existing crypto performance. But will sure get adoption more.
Belief in the idea of the state and trust in the state itself are two different things.
The state represents society and people must believe in society and therefore obey its laws so that society does not break up.
Otherwise, without the law, we will be subject to too much influence of our animal brain and our animal instincts, which will lead to the disintegration of mankind into small groups and its degradation.
But for the state and politicians I would not, after all, first of all, they pursue personal benefits under the guise of high ideals.
Bitcoin and cryptocurrencies are the ideal of freedom that we must carry into society.