I think that we all feel the same way about it. Steem is on the rise and should be a very valuable coin in a year if the markets don't collapse. Unfortunately governments hold all the power if they combine. They can set the laws and regulations for the sector making out lives very tough if they want to.
While we can always work around them and do what we want anyway it will still kill mass adoption for steemit and crypto as most people either wont or can't work around the law.
Their will be regulation for a fact but i'm hoping that it will be sensible and just deal with registering money earned like with anything else. And like everything else we can then hide most of it from them.