Regulation is good for society. It will keep people from wildly investing in things. Too often, people follow the crowd or follow the trend without being educated or informed. Regulation causes companies, institutions, et al to be accountable so that they don't put junk out there for the masses to (gamble on) invest in, all due to FOMO. Just remember: regulation doesn't mean absense of decentralization. It just helps to protect us from the scammers.