Still better than calling yourself code wrangler/ JS ninja. Kidding aside, whats stopping software dev from being regulated and certified in 2017? The previous reason I heard of was that tech changes too rapidly to be standardized.
Companies don't even trust university degrees right now. The most a degree gets you is a foot in the door; you'll still have to pass a grilling technical interview process.
Making certificates an official requirement just raises artificial barriers to entry, but won't make people actually better.
(If you have a good idea for how to certify actual competence, I am all ears. I'd like to upgrade our hiring practices, too. The current prevalent interviewing style puts way too much emphasis on confidence---which works for outgoing people like me, but we are missing out on a lot of good people.)