Great post @jrcornel, thanks! Looks to me like regulation and institution investment are now starting to coalesce around crypto. There are several aspects I see at work:

1. Technology/Cryptography - this will decide the "cyberspatial borders" a la the quote by Julian Assange. Although we can expect there to be a kind of decentralised international 'black market' glome in this continuum, many nations will continue to integrate their cryptographic borders with their sovereignty. Some examples: Venezuela with the Petro and Sovereign Bolivar, Iran with their new national cryptocurrency, Russia with the CryptoRuble, and I think China is also investigating a national cryptocurrency as well. The development of cryptography will increasingly become a matter of national security, with corresponding levels of investment and public focus.

2. Legal/Regulatory - As well as the legal frameworks that will define nationally-acceptable public use cases for cryptocurrency & cryptography, there will also be the adaption of existing laws to ensure cryptocurrency markets are covered by the sort of protections both customers and institutional investors request. On the NatSec front, in Australia, the government has already proposed laws to attempt to give security agencies 'carte blanche' access to devices by criminalising those that would withhold their passcodes when 'lawful access' is requested. This is a typical authoritarian 'brute force' approach to the issue - attempt to ensure the broadest possible field of action for the government at expense of considering the nuances required to respect individual sovereignty. Other nations may take a more balanced approach to the issue. My prediction is once the security frameworks are in place, the oligarchs will then be lobbying the government to shape legislation that favours the maintenance of any economic monopolies/cartels they have (etc hedge funds, banks etc). There will almost certainly be a clash with the interests of smaller institutional investors, who have their best chance to chart a fair outcome regarding financial and economic regulatory outcomes at this point. The recent ruling regarding BitCoin's economic definition as a commodity shows that regulatory agencies are starting to weigh-in in these areas. Your post above shows that establishment-backed interests are beginning to position themselves for attempted greatest alignment with the precedents that will be set.

3. Grassroots / Innovation - As cryptoeconomics becomes more centralised, those grassroots platforms advocating a decentralised approach will find themselves increasingly navigating a tricky path between legal compliance and individual 'freedom'. We have seen many innovations by the worldwide Internet community as individual governments have attempted overreach regarding human rights; there is every reason to think this will continue. Platforms like the STEEM blockchain and Steemit have already shown they can be instrumental in creating opportunities for accelerated financial freedom and individual sovereignty. I look forward to seeing what kinds of ideas will reveal themselves in the future!

Again, thanks for your post - it got me thinkin'! 😄