https://www.androidpolice.com/2020/06/15/google-confirms-experiment-to-remove-full-address-from-url-bar-in-chrome-details-opt-out-mechanism/People should be concerned about more than security here. Knowing the URL is important for a lot of purposes that are not security-related. Security is important, however.
This new move would not be pleasant for web designers (for instance), among others.