The altcoin zone is almost becoming a dump site for shitcoin. With just anyone being able to come up with a token on any of the blockchain makes it easy to have shitcoins littered all over the place. But the question is; who is going to clean up the mess? Natural death or a regulation is going good to be imposed later?
No administrative methods can be used to determine which altcoins should live and which should not. This process must remain decentralized. If you think there are a lot of useless coins and tokens among altcoins, just dont use them. The market, namely the demand for cryptocurrency, itself determines which of them are useless and which will be in demand. The presence of any regulator in this regard will mean dictatorship and arbitrariness. Therefore, in terms of the number and variety of cryptocurrency, nothing needs to be changed. This issue is resolved by the market self-respecting.