There's a lot of comments here and do far one thing which is missing to me the fact that we are seeing a classical libertarian playbook at play here: rail again

There's a lot of comments here and do far one thing which is missing to me the fact that we are seeing a classical libertarian playbook at play here: rail against the state while at the same time relying on regulatory capture. All state power and regulation is repugnant, except for the bits that benefit me. It's especially ironic because of the ongoing rhetoric of the value of bitcoin &co being independence from the store of trust that is centralised government and regulations. If they are truly that unstoppable, I'd expect them to not waste their time lobbying the old system and simply build the glorious new crypto economy that's been around the corner for the last 13+ years. But no, instead we are making sure that the money inflow and cash out options stay secure, and keep trying to worm a redundant at best and useless at worst technology into as many use cases as possible in order to show potential and keep the line going up. I'm sure, once there is a decentralised Blockchain Startup talking some municipality of doing their barbers license applications or municipal bonds via NFTs both the value and the democratising effects will kick in.