There's a hidden subjective value judgment built into the word "excessive" that's doing a lot of the heavy lifting here. These "regulation" comments tend to have a high likelihood of boiling down "I want the government to stop things I don't like", where environmental concerns (crypto) or data collection (adtech) is a mere pretense grounded in incomplete information at best, emotion at worst.

Personally speaking I find it just as irritating of a pattern here that knee-jerk calls for "regulation" (i.e. bring in the coercive power of the state) or outright banning are so often floated as a/the solution to every problem. When legal coercion is suggested, it is entirely proper to bring up the existence of the dragons that lay down that road.