simple logic is people are prepared to take market risk even the volatility of the Bitcoin but a trader / investor does not sign up for exchange itself going out of business...! and that is what regulations MAY prevent! + allowing 2 page ICO whitpaper or whatever it is called to raise millions as compared to a proper IPO scrutiny should be discouraged .. but then again those who believe having regulations in place equates to communism of some sort are not going to listen!