Is Bitcoin a scam run by the energy utility monopolies? 1% of the world's power is used just to mine Bitcoins. Trump says it's a scam. Elon has condemned the waste. If Bitcoin crashes to $0, the only ones who come out ahead (besides lucky traders) are the energy companies.
(www.thebalance.com)
Speculation
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You can't pass a law to un-invent shit. Guns are easily available everywhere, despite gun control laws. Child porn is the same way.
A crackdown would limit crypto, and people would use it with private keys on their phone.