What institutions want to promote a direct challenger they don't control?
IMO some crypto's will, through regulation, come under control of existing financial powers. When that happens, watch how quickly attacking turns to support.
Thank you for bringing outside news reports here.
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If it empowers the current financial powers again, will it be beneficial to the common man anymore ?
Two steps forward, one step back. The monopolization of control isn't a straight line chart. I've said this before in comments. The only thing as strong as the will to be free, is the will to control. Both sides attempt to use emerging technology to advance their agendas. It remains to be seen who wins out.