I don't think this is the end of Monero. While government agencies have offered bounties with the purpose of tracing down every Monero transaction, their efforts will eventually die in vain. That's largely because of the open source and decentralized nature of crypto. The Monero project will continue to adapt itself to the latest threats in cyberspace, becoming stronger and resilient than ever. With a hard fork taking place every 6 months, developers can easily strengthen the privacy of the XMR blockchain in order to render government efforts worthless. It's a like a "cat and mouse" game if you ask me.

Besides, Monero isn't the only privacy coin available in the crypto/Blockchain space. There are other privacy coins with unique anonymization techniques, which prove to be quite a challenge for governments to regulate thoroughly. Surveillance/analytics tools won't be able to catch up with the constant changes in anonymization techniques used by many privacy-oriented cryptocurrencies in cyberspace. The government might as well give up in trying to hunt down "malicious" actors on privacy coins. Their intentions are not to put an end to criminal activity on privacy coins, but rather invade people's privacy in order to get what they want (which is complete surveillance and total control). As long as Monero remains decentralized and private, it'll be regarded a threat to the existing monetary system. Given that surveillance companies have been unable to provide proof of their claims (like CipherTrace being able to track & trace Monero transactions), everything is just about hype more than anything else. It's a strategy used by the government in order to scare away people from using Monero. But they'll eventually fail as the crypto/Blockchain space has grown into a force to reckon with. Just my opinion