We monitor large cash transactions, and don’t let randos print. We also restrict who can facilitate transmitting it and under what rules. We further made securities fraud, wire fraud and money laundering illegal, a trifecta of crimes most people working in crypto facilitate.
What I notice: We guarantee a monopoly for visa and mastercard, ensure that transactions cost 3-4% for everyone, and make sure that money requires days to move between accounts.
The state of transaction processing in this country is hot garbage. I'm not claiming that crypto is the answer, but I sure as hell don't think our society has arrived at any sort of best solution. I'm personally fine with a lot more "crime" (aka transactions you personally don't approve of) if it gets us a better financial system.
We have. We learned to ban what crypto does and put people promoting it in jail.