My best guess is that unless the rules around large-scale finance change, in the end permissionless composability will go away and the platforms will get contro

My best guess is that unless the rules around large-scale finance change, in the end permissionless composability will go away and the platforms will get controls of some sort, e.g, who can do what, reporting requirements, KYC, ... And that also does not have to come just from direct rules, but could come via capital requirements when touching such systems or users of such systems.