Apart from scam artists in crypto space we have too many unprofessional developers that falsely act like they are really good in a particular field and try to build blockchain based projects but failed in the end,if there is really any way to make blockchain available to only professionals that are qualified it would have been a different story for crypto,even scammers wont have a chance,this is why i think we need REGULATIONS pretty bad.
Regulations are needed but in my opinion regulations are limited in collecting funds or selling tokens. There is no guarantee that a project can produce a good product and be used by many people and I think it is difficult to manage the developer team must produce a good product in a regulation.