Recently Brett Sherman was nominated to chair of Investor Protection, Entrepreneurship and Capital Markets. He will surely have the power to influence bills that can get introduced into Congress. He has been incredibly anti-bitcoin and will surely try to pass bills that will stifle the growth of the industry. Also recently BIS head has been advocating Central Banks begin to use digital currencies for themselves. This will surely play out as a way to out-compete crypto.
https://www.bloomberg.com/news/articles/2019-12-05/bis-wants-central-banks-at-center-of-digital-cash-revolutionDiscussion: How can they community rally together for what is to come? Are we ready for when governments restrict / sanction any capital flow into exchanges? How prepared are we for these things?
Our duty is to adhere to rules and regulations. It's not our duty to oppose laws. In a situation where there is continuous lapses in the part of developers, which creates the loophole for scrutiny by government, we cannot do anything contrary.
I feel that the main reason behind government involvement in setting standards that may restrict unregulated cash flow, is the issue of money laundering.
What I expect the community to do is to do everything possible to kick against fraudulent activities, and assist government to bring sanity into the use of cryptocurrency.