Agree with you, regulations would bring back the trust to some aspects of cryptocurrency such as in ICOs. Also, this might pave the way to fully recognize digital coins in different countries. Some countries such as Australia is planning to set up its regulations.
Here several questions arise at once: who will create such a regulatory institution, who will be the participants of this regulatory institution, who will pay for the work of this institution? And why not just lead all the ICO on the platforms that are designed for this purpose.