Since this thread is opened in Economy board, I assume the main idea behind this title is that bitcoin should be regulated, right? But bitcoin is finance and submarine is a different case.
I have a feeling that on this forum there's a very common opinion that all regulations are bad, and if society gets rid of them and the government, everyone will get rich and the economy will be booming.
As for Bitcoin, it itself is impossible to regulate, and I don't think there has ever been any attempts to do so by pressuring devs, miners and full node operators. But Bitcoin ecosystem absolutely should be regulated, exchanges need to prove solvency; hyips, cloud mining and other scams need to be prosecuted; mining needs to be regulated to not cause disruptions to energy grid and to not contribute to environment pollution.