The question isn't only "should we" regulate the companies, but also "how"?

The current Trump Admin can't even decide on the first question, let alone come up for a plan on the second.

The Trump Admin's EO was to ask nicely all of the AI companies to give them 30 days to voluntarily review each model before wide release, but they have also failed to do that for the Mythos/Fable release, only to get a call from Amazon's CEO to David Sachs to convince them to disable Fable (to all non-US citizens).

We elected the party of "minimum regulations" into all 3 branches of government and we will reap what we sewed.