[scottbez1]

And yet, despite the wild west regulatory situation you claim, bicycles kill and injure way fewer people than cars, and don't require insurance because it's nearly impossible to cause the level of damage with a bike as even a minor fender bender in a car. And, even considering how "dangerous" bicycles are, studies have repeatedly shown them to increase life expectancy of the rider. Meanwhile cars are among the highest cause of accidental death of children of nearly all ages in the US.

Your argument is actually a strong one in favor of bicycle-favoring transportation policy: despite limited existing regulation they're still incredibly safe, and we can always tweak policy to handle the worst case exceptions as needed if they end up causing significant problems as bicycle share grows.