Regulation is very important because this is done to be able to secure investors and convince them. so many fraud cases make this regulation push very much discussed by investors,I myself am also very supportive so all the ico will go through verification before they get permission
but making current regulations seems to be a little late. now people might choose the IEO over the ICO system. we know that ICO is quite risky, but with regulation, maybe it can be minimized. but I feel that people will choose the IEO.