Looks like cryptocurrencies are not very innovative. They keep reinstalling all the features that have been there and improved in the regular markets. Tether and stablecoins mimicking the USD, now this stuff mimicking stocks, how are the not getting in trouble with government institutions or Apple? What are the loopholes? No existing laws yet? Or they operate and reside in far away jurisdictions?
I don't think there's any political interest in looking at them right now. It's largely just a bunch of nerds playing with pretend money. It hasn't really hurt anybody outside of it yet.
On one hand, the crypto-economy is still too small to represent the same kind of systemic risk that took down the banking system in 2007/8, so there's less urgency to do anything about it.
Additionally, both governments and regulators, in the US at least, tend to prefer to let new technologies incubate and evolve for a time before regulating it more strictly.
On the other hand, it's too small to have the armies of lawyers defending it that the banking system does, so it's an easier target for regulators looking for wins than Wall Street is.
The SEC, CFTC, Treasury are all looking at it in the US and doing some triage regulation, only going after the most blatant and worst problems atm. I'm sure they'll step it up if/when the crypto-economy continues to grow.