I'm not sure about the solution, but I agree the frontier labs are acting as if they want regulation "for society's benefit" while the evidence suggests they want it mainly for their own benefit.
They keep talking about all the very bad things their AI could do, but instead of assuming responsibility and promising to find solutions, they're saying catastrophe can only be avoided if the government regulates AI development, which would make life much harder for smaller labs and open-source competitors. No one should be surprised by this.
On the flip side, it's understandable that none of the labs want to take responsibility when their AI software does something naughty. The potential liabilities are basically infinite.
The root of the problem is that no one wants to take responsibility when AI software does something naughty.