Well i say yes! Currently there are so many projects with similar goals and visions and some of them even don't have the needed capacity and resources to see to the success of the project but yet still competes with the capable funds when funds are being raised. This has also increased the number of scam projects in the cryptospace and this is really tarnishing the image of crypto investment. Let's not forget that if men were angels there would be no need for laws. I am not talking of a Centralized Regulating Body but we can use the concept of masternodes and run a decentralized ICO regulating body. Let's explore all the possible ways of how we can actually curb this menace in the cryptospace.
If there are ways for scammers to scam people they are going to use that, let's admit it ICO has become a ground for scammers, because they feed the greediness of some investors, these scammers launch fake ICO using whitepaper from other projects, and photoshopped from linkedin and make it appear a legit project, it's hard to catch them now, this is the reason we need regulation.