They can't, but many cryptocurrencies aren't concerned with decentralization. They don't mind being centralized not just in how they are governed but also in how they are listed. As much as many of us prefer decentralization, the fact is that for many people centralization offers convenience, and that can't be overlooked. As long as both centralized cryptocurrencies and decentralized cryptocurrencies are allowed to co-exist, we'll both be OK.
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I got it. In order to be listed, many companies don't care about the consequences of such regulation. As for me, I would rather trust the community than those regulators who can change the rules of the game anytime they wish.
Thinking about the possible scenario. Just in case the regulators already have control of these centralized exchanges and then will later pass laws that will make trading in decentralized exchanges illegal, what are we supposed to do?
That's one of my concerns, but I have no idea what could happen or what we could expect. On this question, I defer to the more senior Leos here.
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