By now everyone who stands to gain from (ab)using crypto is probably already convinced. Almost everyone else heard so much about scams and illegal activities around crypto that they find it too risky. So the current admin is preaching to a small choir, to the angst of the large one.

What I like is that every time there's a hack, or someone loses money over crypto either due to some illegal action or just unintended consequence of using it, you have a few more people demanding more regulation and state intervention. If only crypto regulation was scoped exclusively to when they need it after being swindled out of it.