He has a point because cryptocurrency with the current setting could easily be an avenue of hiding fund that could fuel all these bad vices. However, I believe you don't throw away the baby with the bad water. It is high time the government step in and have a measure of control without stopping the freedom we currently enjoy in the world of cryptocurrency.
Good idea i agree on you, we hope that our government made some steps for this, may others use the cryptocurrency for there silly intentions, but may our government would not forget how this this things brings us extra income and expressing our thoughts freely, so balance for everything about this.