“Established by the Dodd-Frank Act to protect the U.S. economy from the actions of large banks that led to the Great Recession”
The government cause the crash in 08. As for crypto. The government doesn’t like the challenge to the central banks. Hard to see how they can control crypto if the people want it. It makes no sense to me so I don’t dabble in it. Seeing the swings of 30 grand a day and giant banks and investment houses buying in to it makes me leery.
Simple.
Define possession of a wallet or account as money laundering, and arrest 100 people.
The laws already permit this by regulation, I presume the reason they haven't done this already is because major players in the government have assets at risk - but if the Treasury Secretary and AG wake up one day and decide to ban it, it will be over in six hours as all BTC, etc falls to zero and stays put.