I have not seen who authorized the US government to take on the main role of regulating the crypto ecosystem. They make regulations, punish, take away... too much power in their hand over something that should be decentralized.
I am not 100% sure but I think that Obama said something similar: America is a global superpower, it decides the fate of the world, it promotes the democracy in other countries and so on but what if one day America becomes evil? Who will stop America? | Yes, it's too much power in their hands but I think they'll soon lose it. Hard times create strong people, strong people create good times, good times create weak people, weak people create hard times and the circle goes on.
I know that this will not last, there will come time when privacy will be strengthened and improved in the near future despite the fact that they arrest developers and try to scare people but it's sad that still, for a while, we will not be able to protect your privacy.
By the way, what would happen if Bitcoin was anonymous at protocol level? Just imagine Monero being Bitcoin, what would happen? Would they ban it?
