Regulating bitcoin as well as the ICOs can be an advantage for the industry, this can help to lessen or even eliminate the fraudsters and scam projects. This will attract more investors and can help improve the crypto market even more.
The regulation of cryptocurrencies is being done not to benefit us but benefit the governments they want to obtain profits out of this and they are seeing the market is just not a fad, they understand now that cryptocurrencies are going to be part of the new economy, right now the market is small but it will grow tremendously in the next years and they want to obtain their share.