Regulators want to make sure they protect investors from scams, while at the same time allowing the industry to develop and deploy the new technology in interesting ways. Overregulation could move the action elsewhere, which is what happened in China.
Its too early to tell who's doing the best job of setting the rules. Nations are taking various tasks.
What do you think?
I'm happy to see regulators preparing the crypto industry for necessary regulations to come. It can only help us investors and cryptocurrency users to prevent us from scam ICOs etc..