From a technical perspective there is so much you can do to secure things, including against theft. While it's hard to lock things down past 99.9% usage, it is not too hard to make token issuance secure enough for practical, wide-spread use (there are a plethora of crypto protocols out there to prove the point).
There's no guarantee that the government will pick the best standard, but one can hold out hope (e.g. when the US govt adopted Rijndael as the AES encryption standard).
