deregulating vs freeing

deregulating and freeing both are nouns.

Word	Noun	Adjective	Verb	Adverb
deregulating	Yes	No	No	No
freeing	Yes	No	No	No

As nouns, freeing is a hypernym of deregulating; that is, freeing is a word with a broader meaning than deregulating:

deregulating: the act of freeing from regulation (especially from governmental regulations)
freeing: the act of liberating someone or something

Other hypernyms of deregulating include liberation, release.

deregulating (noun)	freeing (noun)
the act of freeing from regulation (especially from governmental regulations)	the act of liberating someone or something