This is the best thing that a government should do with regards to regulating crypto. They should take some time to study how the technology works for them to regulate it properly without any bias and possible abuse to companies or individuals that are into cryptos.
I think problem lies in translating crypto language to your average joe who has never worked with crypto in his entire life. Most people are clueless how crypto works so I can understand why regulating it would be pain in the neck for the government as it requires educating people who are not familiar with crypto and it will take time.