to regulate or not to regulate?

I accidentally posted this in my senior exhibit and just noticed.... so here it is again.

I think this is a very good debate and could easily go both ways. My initial thought is that government should not be able to regulate interest groups because that kind of defeats the purpose of them. They are intended to make a change in the people's affects on the government. That being said, if they regulate them and disapprove of stuff they are trying to do, then they it's a government group-not a group of the people. However, I think they should almost originally be approved by the government because no regulation makes it possible for people to create absolutely absurd interest groups. Granted, they probably wont get much participation, but they still should not be formed if they are going to be dangerous or extremely hurtful/harmful.