I can only imagine how the governments of the world are going to react to this. Wall Street, the legacy banking systems, and their lobbyists are not going to take this sitting down. Neither will their cronies in the media. It won't be long until we start hearing about all the scams that are taking grandma and grandpa's life savings. You're basically talking about the natural evolution of Kickstarter and GoFundMe campaigns and the tax implications are going to be scary to the people in power. Interesting times...
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The US military is probably going to have to invade El Salvador in the name of Democracy or something.
That is true although they tend to shoot themselves in the foot over time.
They can fret all they want. This is only the start. Wait until DeFi gets into the game.