I'm not sold on it. As it is, there is no black and white in cryptocurrency whatsoever and many of the politicians trying to regulate it have no idea what they are even talking about. I have a feeling in the next few years, there will be regulation groups put together to enforce policies that are more beneficial to the federal government more than the crypto holders themselves. Everyone wants a piece of the pie, including the government.
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Yes good points and I agree. Check out the recent letter by Coinbase talking about those issues:
https://blog.coinbase.com/coinbases-written-testimony-for-the-subcommittee-on-capital-markets-securities-and-investment-47f8a260ce41