since the beginning, cryptocurrencies were created. Also the initial founders, especially bitcoin, were created, not for institutions or agencies. Because in order to fill personal and anonymity gaps, of course the above providers require transparency of customer data. Indeed, I personally don't like it. And it's not safe. .
I feel that if crypto is meant to be like that, maybe the government will intervene with it. But gradually some countries are adopting this blockchain. And it is possible that awareness of this technology will continue to increase. Although there are also some countries that openly prohibit their citizens using cryptocurrencies. yes this is how government officials in a country judge from an economic point of view, investment or transaction tools or even just an unexpected view
Governments have every right to care about what you do with it, not how it is ruled. Bitcoin for example cannot be changed into another chain by a government, they could try to do their own fork if they want to but that will only result with nobody caring about it. That's why I would highly suggest not caring about what regulations are saying, if you do not get out of crypto that quickly, it doesn't matter to you at all and you shouldn't be investing into it at all.
I would honestly say that it would be a smarter idea to invest into something that is not controlled by the government and you could do whatever you want with them as long as you do not get out.