Yes. If you see a lot of "move fast and break things" happening in a space which you may need to regulate, you throw everything into the bag, shake it around and see what sticks when you turn it out again. Every idea under the sun including internet licences, eyeball scanning, and second heads will be in the bag at some point. The Second head speaks french. Don't ask me which one they will keep...
They need to be taking stakes in the companies when things (exploitation/loss of control etc) start escalating ala British East India Company taken over by the Queen after shit hits the fan. Or atleast the threat should be hanging over everyones head. There is no other way to slow the self important tech buffoon class down. Their 3 inch chimp brains aren't growing at the same speed as the tech and consequences of tech are.
We already see some of early stages of this, with internet shutdowns every time they lose control of Jurassic Park. Regulations and the law are a total waste of time.