It is one of the largest organizations and is considered legal in all regulations. But this does not mean that it can destroy anything it wants. I believe the government cannot do what they wish to with Bitcoin and Crypto. We live in a world with anonymity, they can't control us, and this is great.
Unless you use mixing service to still anonymity, if you still use an exchange who need KYC or anything else related to it then government still have a way to track your assets, your transactions and more. I guess that is a misconceptions that should be change from now.