A little overdramatic yeah?
As others have said, they only banned paid advertising.
There is no conspiracy, just think of it from the perspective of a company.

If you owned a company and people were using your company to advertise and sell fake, scammy products would that be good for your business?
And that is exactly what was happening, the vast majority of crypto advertisements on facebook were for absolute shitcoins and shitprojects.

So when I heard the announcement that they were stopping that, I was happy.
It's a good thing for crypto.

And as far as the US government "bullying" crypto, that is utter nonsense.
KYC is an international initiative to prevent money laundering.
Regulations on us citizens participating in ico? they don't exist.
ICO's don't allow us citizens because they don't want to go through the hassle of dealing with tax laws.