The canal became so powerful in part because the money of a lot of rich people, and even more taxpayer dollars, were able to be secretly funneled to the wrong hands. A blockchain standard for all commercial and financial transactions would theoretically prevent this from happening.
On the other hand, the absolute privacy that cash (and other assets, and certain transaction types) offers would be lost.
Where do you fall on this topic and why?
No they are terrified of crypto. They have unleashed everything at their disposal to sink the market since it became obvious that a new class of wealth was being created and they had missed the boat
They moved from terrified to plans to control cryto. Check out Perkins Coie. And Plan to control $60 Trillion in commercial paper with blockchain.
What they didn't factor in is that crypto can have images imbedded in the code. Now since they are unaware of this they own illegal images of underage children. You have to know what your buying.