If the industry wants to start taking cryptocurrencies and it gets enmeshed with a massive illegal, unregulated market that thrives on crypto, that may push back legal efforts for years.
The last sentence was the worst and disqualified the text.
The purpose of using crypto IS the unregulated market. There would be no unregulated market without crypto. Crypto is the freedom of money for good and for worse.
[Regulated] industry does not need crypto. Zero use case. Crypto is more complocated and masses still do not know how to use it. Legal industry is perfectly fine with legal tender and without affiliates.
Unregulated industry that is labeled is "illegal" (which is obviously a foul play that nobody is protesting against anymore) however needs and is based on crypto and connected to crypto. Also crypto gamblers - the small minority of more tech savvy consumers that is slowly growing - will not switch back to so called legal gambling, because while switching to crypto is mentally challenging, once done, it has only advantages like faster payments, less or no KYC, better odds, no taxes etc.
If you talk to God, you are praying; If God talks to you, you have schizophrenia.