This crypto evolution is not primarily for the west, but for those who are excluded by the traditional banking systems of the world. Because of that, this is their (3rd world) asset class. The regulators will scare the 1.5 billion of us who they have control over into compliance, but will ignore the other 5.5 billion. The result will be a metaphorical "United States of Africa" that rises up in defiance of the old guard. The regulators can't control the whole world which is why they will end up isolated in their gilded cage.