Exactly my point!

What regulation has to do with the success or failure of a crypto project?

A very strong regulation exists in stock market. Does that mean, every stock you own is giving you a positive return? Regulation doesn't ensure the health of your investment, neither it controls the return.

I believe regulation can only do one good in the crypto market - it can control the number of shitcoins in the market. If the coin issuers will have to go through due diligence, a lot of scammers will stay out of this space which is very much needed. We have millions of deadcoins and new memcoins are popping in every hour. That needs to stop and that's where regulation can help! Nothing else!