The line is really thin in that question, because, I think most out there, would call the regulators the govs leash dogs, which don't see the crypto space as something that is free to reign on their own ground 
Sure, big companies and entities are free to use crypto to propel themselves while being watched, however, we see more cases of people related to some exchanges and some projects getting arrested because of X (the reason, in fact, may be different - accusations of fraud, money laundering via the said exchanges, etc.) - and it's a bell for us to listen and watch for what awaits for us.
I get what you're saying about regulators, but I think we give them a bit too much trouble. Yes, there are stories of arrests, but that just proves that there are people who are trying to rig. The regulators, even if they bore us with their rules, protect small investors. Without them, who would really want to throw their money into a corner where everyone does whatever they want? So, even if it can be annoying, their presence is a minimum of security. And yeah, they have their own interests, but that doesn't mean they don't also work for the good of the people. Sure, big companies and entities are free to use crypto to propel themselves while being watched, however, we see more cases of people related to some exchanges and some projects getting arrested because of X (the reason, in fact, may be different - accusations of fraud, money laundering via the said exchanges, etc.) - and it's a bell for us to listen and watch for what awaits for us.