I don't think it will ever be regulated for bitcoin and other coins, because as we know no one knows who owns the bitcoins themselves,
the positive value of bitcoin is that it is decentralized and censorship resistant. and keep in mind that only centralized exchanges and services will be regulated not the bitcoins
Bitcoin couldnt be regulated technically and it couldnt be possible as we do all know. Government could only take involvement via means on touching those platforms or services that do
really involves bitcoin or crypto as a whole and thats the only way that they could really give out some influence which it do somewhat affect us users who do really mind off about
decentralization but we dont really be having any choice as long it do touches up crypto to fiat transactions and these platforms are mostly regulated then we dont actually
have other choice but to deal with it.