Understanding the Ripple Effect of Crypto Regulation on Broader Finance

Been following the discussions around crypto regulation, especially the new mandates for things like travel rule compliance and increased KYC/AML scrutiny. My question is, how do seasoned finance professionals here see these evolving crypto regulations potentially spilling over into more traditional FX or equities markets? Are we talking about a precedent being set for even tighter scrutiny on, say, cross-border payments, or will the lines remain fairly distinct? It feels like the push for transparency in crypto might eventually put pressure on older systems. Just curious about the collective take.