I think more regulations will be good in the long run. Sometime due to the lack of strong regulations many come into crytocurrencies with bad intentions and in the process harm many people who are genuinely interested in cryptos as well as blockchain technology. This is detrimental to the future of cryptocurrencies because governments and other authorities who are mainly in the traditional financial industry can use it to ban or severely block spreading of cryptocurrencies among the general public. Thus having strong, extensive regulations at the onset is a good thing in the long run of this valuable asset!