Honestly, I would only approve regulation for ICO. In all other situations, I see no point in regulating the cryptocurrency market.
You do not see the point as you think as a consumer. I would also not like to regulate the market. but the authorities look at this situation differently. For them, this is a great opportunity to raise extra money by taxing us all.
It seems to me easier to pay the tax, for it will be a guarantee that the project will not be a scam and all your investments will not just disappear.