What you're describing is (in my view) the best casus belli for both the 'war on drugs' and a 'war on crypto', but a moral case does not make a criminal case (on its own).
What you're describing is (in my view) the best casus belli for both the 'war on drugs' and a 'war on crypto', but a moral case does not make a criminal case (on its own).
I don't even necessarily think a 'war on crypto' is needed. The problem is that crypto seems to function as a get out of jail free card for very straightforward financial crimes: you just do the financial crime, but apply a thin veneer of 'but with crypto' and the legal system is utterly bamboozled.
Crypto's problem is that when the law is updated to deal with these stunts, it's suddenly just a crappy version of the existing financial system.
I completely agree that crypto is being used as an end-run (if you'll pardon the expression) around the existing financial oligopoly, whose regulatory burden is paid for by the monopoly rents extracted by the government-endorsed players. The problem is that criminal laws aren't being maximally applied against banks, so instances like this do give the appearance of 'unfairness'.
The war on drugs creates almost all the negative externalities of drugs to try and stop people making their own choices.
It is both a reason not to buy drugs now (you're sponsoring all that other stuff) and a reason it's a ridiculous and immoral policy.
It is also on no way comparable to crypto.