Do we just fold our hands and watch all our investment die because we dont know what to do now. This doesnt look like a constructive argument except you are a bitcoin maximalist, the lone party rocker. They cant say they didnt benefit from altcoin even more from ICOs and its scams. Regulation may not be the perfect control for scam but it could be our best option for now, It will improve as the loop holes are exposed, just like every countries law have loop hole and it is regularly amended, so will this regulation. except you think the regulation will work against you.
but isn't the crypto market not regulated by anyone and can't be matched with real-life law? then how do you start crypto regulations, and who starts doing it and is also responsible if there are pros & cons or the public doesn't approve?