Cryptos are an unregulated (aka free) market. Regulating it because of a couple of clueless noobs burned themselves or failed to get rich quick would be the worst idea. BTW who would be the "regulatory board"? BCX? Muddafudda & Co? Some of the noobs mentioned above? You? (At the current rate I'd vote for BCX
).
Here's an alternative idea. Try to regulate yourself. E.g. don't buy into obvious scams, leave alone the clone coins (where you cant see any innovations or good ideas) and the latest and greatest Chinese "CPU" coins, watch for the well known red flags in the announcements... and go for the more established stuff.