> That is, isn't the whole reason for crypto existing in the first place is that it doesn't depend on governmental backing? I think the realization here, is th

> That is, isn't the whole reason for crypto existing in the first place is that it doesn't depend on governmental backing? I think the realization here, is that Crypto/Blockchain was competing against the DOJ (or the courts in general) rather than against the US dollar. While the US government/Fed were largely cool about crypto trying to replace the USD (many assets are, anyway), the court seems strict about maintaining it's authority of being the arbiter of who owns what.