Crypto allows for easy instant global money laundering and sanctions evasion, in a way that cash USD could never. It is par for the course that government regu

Crypto allows for easy instant global money laundering and sanctions evasion, in a way that cash USD could never. It is par for the course that government regulators do not react to these threats to the global financial system until they are glaringly obvious. It's also likely that it'll take them a few more years to actually figure out how to implement this in any meaningful way. My guess would be that their first step will be to ban crypto exchanges from using privacy coins. Not sure what comes next though other than an outright ban. Bitcoin's support for atomic swaps to privacy coins might mean a forced de-listing for it as well.