It's not really my area, but I feel like the distinction you're making between "regulations" and "general property right rules" is a bit like the distinction that is made at times between "fees" and "taxes."

To me, "regulations" either means there is a regulator directly issuing rules and orders to the regulated industry, or a legislature manages the rule set through occasional legislation.

This is quite different from laws protecting property, where all the state does is settle property disputes.

In slogan form, one is "rule of man" vs "rule of law".

I think I mentioned it upthread but principles-based regulation can at times be a nice middle ground.