I think this is very necessary. There are currently too many fraudulent projects in the market. This has a huge impact on the crypto market.
Nobody is forcing you to invest in those projects, right? Why worry about other people decisions, why bother what they do with money that are theirs to throw out? I don't need daddy government to tell me what is good for me and what's not. I have a brain of my own, if all those regulations deprave me of making a mistake, how on earth I will be able to learn? I wont be and this is the exact goal, they want us stupid, they need us obedient and questions free, in order to rule more (d)effectively.
Remember, regulation equals defraudation. Anybody that is pro regulatory is a misled sheep, on its way to the slaughterhouse.