If anything needs regulation, it is CENTRALIZED EXCHANGES only.
Governments will try to regulate things at their reachable hands and capability. They will not restrict their regulations to anything like centralized exchanges.
Do you think decentralized exchanges can be safe from governmental regulations?
If founders, co-founders, developers of a decentralized exchanges are known by governments, I believe authority staffs will knock their doors to bring them to court if necessary.
How decentralized exchanges are regulatedSuch projects have stupid team members, the only way to fully become decentralized is to turn into a ghost, no one should know about your identity, not even the investors, this is why Bitcoin remained the only true decentralized project, the founder is nowhere to be found, this is what keep Bitcoin alive, if not, wrong allegations would have been made and arrest warrant would have been issued. Bitcoin founder is smart, he knew there is the possibility that the government will come after him.