Ok, a 3d printer, the devices we are talking about. All they do, all they are capable of doing, is producing plastic shapes. That's it, they make shaped plastic. That is their only function.
Now, you can make a gun shape, and you can put a real bullet into that barrel shape, and configure it with a plastic spring so that maybe it'll even detonate. But plastic is not a suitable material to build a firearm out of. Outside of very controlled conditions where you're basically firing a single bullet with little ability to even reload it, all it'll do is blow up. And by blow up, I'm talking about a very small explosion of very small, light fragments. Because those fragments are a light, they also won't do much damage either. Also because it's plastic, rifling won't work properly so don't expect it to be very accurate.
Since all a 3d printer can do is print shapes of plastic, it can not produce any other chemical compound, like say, chemical propellants. It can't make ammunition, which means it also can not make the explosive charge used in a grenade.
All a grenade is, is an explosive charge, and a small shaped container of metal. The charge explodes, the metal is designed to be incapable of holding the sudden increase in pressure, so it loses structural integrety and sends metal shrapnal flying at lethal velocity.
You can print the shell of a grenade in plastic, but plastic won't hold anything like the same pressures, nor does it have the same mass, so it's just not going to be able to do much damage. And you will already need to have sourced the explosive charge elsewhere. IF you already have the explosive charge, THAT'S the dangerous part. All you gotta do is buy a metal pipe and metal screw caps from any hardware store and you already have something far more dangerous than anything a 3d printer can help you with.
That's why 3d printers aren't something to be regulated, they aren't the magical replicators from star trek. They are devices that create plastic shapes. Not even particularly strong ones at that. Sure, people can print a shape that looks like an ar-15, and put the plan for that shape online, and freak out a bunch of ignorant people. But anyone who understands even a fairly basic amount about physics and engineering can see that there's nothing here worth regulatory action.