Oh right. It affects their money and power…that’s why.
There are so many bigger problems than regulation on Crypto right now. Crypto can be used as an asset, blockchain etc. – If the governments really want to make the world a better place, they can adopt crypto/blockchain technology in some way (not legal tender but other ways) and/or focus their energies on other important stuff.
There’s a difference between giving the government a responsibility and power.
Right now governments around the world are using their power for their own benefits and are not taking responsibility for it / their people.
Crypto / blockchain technology can really help make the world a better place but people in power are too scared of losing their power… sad reality of our times.