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FinCEN’s proposal to outlaw all crypto privacy is a huge overreach. They apply a section of the Patriot Act on a “class of transactions” in a new precedent. Doesn’t matter if it’s custodial or noncustodial- merely using certain type of code can be an illegal act. People are caught by the potential spot ETF, meanwhile this is proposed. Now they fight you.
No Bullshit Bitcoin
FinCEN Seeks to Impose Strict Surveillance Requirements onto Broadly Defined Class of 'Bitcoin Mixers'
The agency proposed designating 'crypto mixing' as an area of “primary money laundering concern" in order to impose certain recordkeeping and rep...

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Let's face it, if one day any government decides that crypto is illegal, there won’t be absolutely nothing we can do about it. For the moment, the crypto movement is tolerated, but if the feeling of mistrust towards a state, a currency or an institution grows, the tide may turn, and not necessarily in the right direction. It's the "anarchist" side of this ecosystem that displeases institutions, and that's damaging for the BTC project.