1) Regulate crypto such that it isn't an issue anymore and is in line with existing systems.
2) Improve the regulation such that the existing monetary systems move money more quickly/easily/whatever.
Crypto has an edge in neither of these situations.
Yes, there are quite a few where crypto has an undeniable advantage, I listed a couple.
> has allowed us to achieve this for the first time
That is wrong, we have never been able to use the improvements to the 45+ y/o SWIFT network (Ripple creates) that we can today.
> Regulate crypto such that it isn't an issue anymore
How will you require correspondent banking when 200+ banks are already side-stepping it?
> make the existing monetary systems move money more quickly
How would you make SWIFT settle accounts more quickly?
How would you remove the incredibly high prices on traditional wire transfers?
> Banks can and do move billions instantly
We're not just talking about banks, and if I open my own bank tomorrow I can't use SWIFT the same day (the way I can with Ripple), I have no relationships with correspondent banks.
This is the added value to existing infrastructure.