If you are active in crypto trading, holding etc. Then you will undoubtedly have noticed that the "crackdowns" are expanding and the exchanges are following suit very quickly. "Traveler", a company that detects address-to-address verification, making sure where you send your asset, is part of a system that is approved by the TRISA directory. Crypto.com and Binance are currently using this shit, meaning others will follow suit.
The more crypto enters the retail and industry markets, the more they are finding ways to ensure they can track your transactions, assets and value.
They can't do anything if you store your crypto in a hardware wallet.
That's not the point. The point of crypto was to take power out of the hands of the bankers and gov who destroy the value and play with money like it's a kids today. Crypto is being swallowed by these very people and simultaneously losing it's decentralized nature.
I do believe that Ethereum and the like are facebookesk coins, and vitalic buturen reminds me of zuccerberg, and ethereum is now going to proof of stake so it will end up being centralized. I am a strong believer that nearly all coins are just get rich quick schemes, even ETH, Solana and other big players. BTC is digital gold and there isn't a damn thing the govt can do to stop it. Except, i suppose, kill all the humans
They don't need to stop it all they need to do is track and trace what you have, spend, earn and transfer. Then it's taxable and the rape continues.
But you lost your coins in a boating accident