. . . “just another financial asset” with the sole remaining innovations being provably limited supply and political neutrality.
Not exactly something to sneeze at (and don't forget about trustless immutability - if you're looking to do a refresher, this is good: “Why Does Bitcoin Have Value?”
. . . the only way to stay out of “US” jurisdiction is to perform KYC on everyone who uses your service.
What happened to BEOS?
Lastly, anyone building anything that results in economic profit and loss imposes tax consequences on their users.
Only when you sell. (And if you claim your rewards, say once a month, you greatly simplify the accounting of your "acquisition" date.)
There are good reasons for everything, or just try walking into a bank to deposit 50 grand in cash. Get my drift? That's all regulators are interested in; it's just that they're not clear on how to go about it. Did you send a comment to the SEC? They're soliciting input, asking for help.
You sound pretty dejected. Sounds more like you're asking for help rather than offering. Remember, the glass can be half full or half empty. ¡Ánimo hombre! ¡No hemos hecho más que empezar!