Crypto legislation is really hard to predict. Especially as the rules are being established much differently in different regions.
Also, I believe that cryptocurrency isn't really well understood by the people creating the rules, as they keep trying to map it to older (and quite different) things when there's some remote similarity between them.
There's also many competing ideologies and special interests at play, which again makes the final outcome difficult to predict.
Yep. This I get.
What I think might be the pivoting factor in the future is, that as the next generations are coming through who are traditional economy skeptical and crypto comfortable start to take decision making seats, while inheriting wealth from older generations, they will naturally start catering to and supporting what they know. The next two decades are going to see a massive transfer of wealth through inheritance and perhaps, that is where the critical mass will come from.
Might be too late for you and I perhaps, but it is a long game to change an economy.
Nice thought. Have been involved in the financial industry for close to 50 years. The old guard have a remarkable ability to look after the old guard. We just have to see how the SEC has taken action to shake out all the loose cash in altcoins to drive it into Bitcoin ETFs opening up by the old guard.