Yes, to both. Gov could do better, and in the meantime until if/when that happens, may be worth it to use a trusted source (Apple) to manage that for you.

Likelihood of Gov doing better seems tied to how much they can get away from Wall St. funding/defunding their re-election campaigns.

Do you think government could actually keep up with technology to regulate it? And if they did regulate it would it actually help people or the companies that are buying them?