At my day gig, I am required to interface with and report to financial regulators in the US. I don’t share your optimize based on my experience doing so. Financial regulatory frameworks and “they just trust the network” are incongruent. My personal opinion is a desire for more open financial systems to drive towards utility costs (central bank digital currencies held at central banks, for example), but I don’t see crypto as the mechanism by which to arrive at that (as long as the law and legal frameworks supersede technologies).

Just sharing my ground truth. I could be wrong long term. The longer your timeline, the more difficult predictions are.