Regulation is not bad if it is done for the interest of the industry. With regulation, most of those that are skeptical about cryptocurrency will get involved in it but will must not allow any regulation that will be done to confine and tame the industry.
yes, there are many projects that are hindered by regulations even though the project is actually good so that in my opinion regulation is very important for crypto.
but still regulation can also have a negative impact but even so if the regulation has a positive impact that is greater than the negative impact, it is not a problem.
however, if there is no regulation, it will be much worse than the other way around. I think that without regulation the market will not be able to develop further.