I think this begs an explanation.
The reason people detest regulation is because a) people detest the government and b) people think regulators are corrupt and/or ineffective.
But what people are doing is incorrectly extrapolating from one aspect of the problem and then falling into a trap of a logical fallacy.
It goes something like this: The government or the regulator is corrupt and/or ineffective therefore regulation is bad. If regulation is bad then no regulation must be good.
Well, in fact what the government does (at least to some extent, at least in some countries) is it takes care after its citizens. Even if this care is not distributed justly, equally, efficiently and competently it is still the fact that most citizens are way better off having the government than not having it.
Of course this doesn't mean we should stop pushing government to do better.
Similar happens in financial world -- people dislike regulation for all its failing but the truth is that great majority of financial players by numbers are better off with regulation than without it. By numbers, most players in financial markets are simple people who invest money for retirement but don't have enough knowledge to protect themselves from financial predators.
Case in point: crypto. Where regulation is thin or non existent and people get robbed blind right and left by organisations who have knowledge and resources to build schemes to extract wealth from smaller players that can't defend themselves.
If you are like me, saving your money for retirement, you absolutely want regulation. Regulation is your friend -- this is some government weight trying to make sure that at least some rules are respected at least most of the time.
There are financially savvy people who will do well regardless. Regulation does not affect them much -- they will make money regardless. Regulation is for small people like you or me trying to save up a bit and not loose it, because without regulation you are bound to loose the money sooner or later. Or you will pay dearly to protect your assets to the point where it is difficult to accumulate any wealth on your own.