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?
As long as there's willing buyers you can't blame shitcoins for existing.
Regulation might give you a final pump while destroying the fundamental value of crypto.
A person's opinion on this subject depends on whether that person is willing to SELL his/her ideas for pennies. I am personally STRONGLY against regulation.