The powers that be will not give up their monopoly not he issuance of currency lightly. Classifying crypto as an asset rather than a currency was the first step. The hand will squeeze tighter and tighter.
Many that have studied this system would disagree.
Most income taxes collected in the US/UK go directly to these private organizations.
In many ways slavery in the US was 'abolished' in 1865 then a revised version (aka perpetual debt slavery) was adopted in 1913 at the tail end of the US-China opium trade induced economic boom and expanded by both parties in the decades that followed.