There is buzz about the prospective of governments and banks accepting crypto or creating their own for its mass acceptance.
I don't think this is even worth acknowledging, as all of the present and future innovations are going to come from the private sector. Governments are just responsible for damage control, do a God-awful job for the most part and have never achieved true democracy.
In the past, people relied on governments and banks not because they're "governments" or "banks," but because they provided security.
Once AI, blockchain, and improved means to use crypto provide even better security than governments and banks ever could, whatever they do will be irrelevant.
I would say it does. It is because a government and banks as well as entities control the sentiments and beliefs of people, especially in their localities on tht types of investments that people would enter in the present and most of all in the future. Since cryptocurrencies rely mostly on the community and on its users to continue its activities, it would be too much of a blow if many governments would speak ill of it or ban it, especially when coming from big market countries like the UK, China and the US. On the other hand, if a government supports it, many people would be more comfortable to invest in it knowing that their government supports it.