The rate at which new projects are chuming out on a daily makes it difficult for new users to pick quality projects from fake one. it is difficult for one to separate quality tokens from fake ones. it appears that we might get to a point where crypto will be regulated to reduce the high surge of new worthless projects. from NFTs to Gaming platforms. some has no serious values.
Which I agree and which is also why regulation is necessary. Partially the users are also to blame because they feed such things to happen more. But yes a government backed regulation will go a long way too.
We just can't stop people to write a code or make a things. If any ever project should comply with regulation wouldn't it hinder innovation?
I'm aware of how much copy-pasta project that already exists and the one that pops out every time. But regulating people how to make things is beyond my imagination, it would be devastating. That is my take, though I might be misunderstanding what'd you truly mean about regulation or how the regulation looklike.