True, walk around with a Ginsu knife outside and you better have a chef's hat on... I'm not sure I 100% agree with the statement "crypto is a competitor". Some

True, walk around with a Ginsu knife outside and you better have a chef's hat on... I'm not sure I 100% agree with the statement "crypto is a competitor". Sometimes it's a currency, sometimes it's a commodity but at the end of the day, it's a store of value that humans own. US dollars deposited in a bank and crypto in a wallet are owned by the same people, so it cannot be a competitor. It's just another asset class. The fact that Coinbase is a publicly traded company shows that the US government 100% accepts crypto as what I've described. What they do care about are items and processes who's main purpose is for illegal activities. Guns are a perfect example. You want to buy and register a gun from a licensed dealer, no problem. You want to buy one from a guy in a van and scratch off the serial number, that's a problem. In the eyes of the government, Tornado Cash is too much like the guy in the van.