[Nostromos]

There's a degree of push/pull on government and industry as far as encryption is concerned. Government shouldn't be injecting vulnerabilities into algos but they also need a way to read messages from criminals and terrorists. Industry wants some way for customers to feel safe using their product to message or whatever their (legal) use case.

Without some local pressure, this cedes encryption commercialization to the US. Sure academics will still love their novel algos but until someone can make money from them, they'll sit in papers, ready for the enterprising american dev to turn into the next big encrypted chat app that is more secure than Signal or something like that.