He got a point, Government should have at least do something from the early stages of Bitcoin but not yet until it's value became bigger and then they saw the opportunity to get profit from it. I do agree for regulations but it should not be a hard regulation like (Transactions,Records on exchanges will be acquired bny Government is too much for a regulation).
I agree on the point that if the intention of the government is just to meddle on things up and has no desire to make the cryptocurrency industry more vibrant and robust then the government should learn to just stay away. Personally, I have no problem with regulations if the purpose is to make the field fairer for all participants to play with and to stymied the many possible scammers and hackers out from the system. We know that if human nature is not reigned then it has the capacity to do some harm aside from the potential to do some good...putting up some regulations can really help but those should not stifled the whole industry otherwise it would just be a big waste of time and resources.