The whole point of growing up is learning to distinguish true information from false information. Bureaucracies miss that point. We don't make a better world by removing false information on behalf of people, but by cultivating a responsible citizenry that can do that for themselves.
Discussion
All regulation will infantilize the citizenry to some degree, and prevent the culture from establishing its own institutions and ways of dealing with risk.
That’s not to say regulation is always wrong - I wouldn’t want to make that case - but merely to add my support to what you say: Regultion isn’t always right. It has a dangerous price.