One area of concern for regulation is accountability. For example, without regulations placed and laws enacted for the matter, an exchange can just closed its business leaving many members holding empty bags because their funds are gone the moment the site is not anymore operating. And because the people behind the site are anonymous members don't know what to do and where to seek help.
I also felt uneasy about regulations but if done right this can be for our own advantage and the whole cryptocurrency movement.
It makes some sense but crypto will remain crypto, and if someone steals your coins, then no amount of regulation will help you find the thieves and get the coins back. There is scarcely an exchange that hadn't been hacked in the past with their clients money stolen, so I don't really see how regulation can be of any particular help here. It may prevent deliberate scams, of course, but definitely not thefts. And for users, it won't make any real difference.