On AML and crypto: what's the general sentiment on 'travel rule' impact?

Been diving deep into AML regulations, particularly how they're trying to shoehorn the 'travel rule' into crypto transactions. It feels like a square peg in a round hole sometimes, especially with non-custodial wallets and the pseudonymous nature of things. I get the intent behind it – preventing illicit finance – but the practicality for widespread adoption seems, well, clunky at best, and potentially stifling at worst. Are institutions bracing for a significant compliance overhead, or is there a general belief that it'll evolve into something more workable without completely hamstringing innovation in the crypto space? Curious what the general sentiment is amongst those dealing with this daily.