Comparing degrees and certs for PT is a complete red herring if discussing fitness industry regulation.
Of course there should be some level of oversight and accountability within the personal training industry.
In general it is a shite, everyman for himself, low grade human being, cut corners, zero loyalty, no career progression industry.
Anything that ultimately raises standards, improves trust, rewards ethical companies whilst also punishing those who ruin what could be a great profession should be praised.
Coach, you should know all of this.
If you're wary just because you expect the State to completely balls it up, then of course I agree with you.