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Biggest problem of tech disrupting the music industry is that it has completely devalued recorded music for several generations of people who typically were large paying consumers of music. No regulation will fix this and the long term effects of this will likely kill off a few genres that do not lend to current monetization strategies.

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Those genres won't be killed-off, they'll be driven underground and further into the background from the pop genres that are much more easily monetizable. Where jazz and classical are now (not dead, but not profitable) will go various categories of metal, world, and other eclectic-mashups that require more attention from the listener than does, say, a Sailor Twift radio-hit.

Assuming that pop music is more easily monetizable is an iffy assumption. There's much more money to be made in pop music but the number of slices in the pie are far fewer. I don't understand how the rest of your comment will do anything but predict more homeless musicians.

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