“borderless crypto does not play well with bordered governments. The entire legal landscape will be blown wide open because crypto can't be controlled by governments, and this is not something they've ever had to deal with before (except with torrents and it didn't affect them directly: only the entertainment industry). And let's be real, torrents won. Crypto will also win. They will have to pivot”— what the government cannot control automatically becomes a headache. Crypto has you said is borderless, the mere fact the government has not dealt with something borderless like crypto before will make it so hard for them regulating it.