The ideology behind crypto is freedom and liberty from the current government system(s) that are inherently wrong and elitist.
HOWEVER
Centralised exchanges such as Coinbase, Kraken and Binance take a noble idea of bringing Bitcoin to the masses and mock it by affiliating with governments (and governmental agencies) that the very concept of Bitcoin is designed to rebel against.
Big CEXs are killing the original bitcoin spirit by forcing users to pay tax on gains, freezing user's assets, preventing users from using their service depending on their IP and more.
This is horrible. This is not what bitcoin is. This is not freedom. This is not liberty.
Things like this are very detrimental to Bitcoin holders. Investors invest aiming to profit from the results of holding Bitcoin until its price rises. With the new regulations such as tax payments on profits made by investors, I believe Bitcoin investors will decrease even more.
Centralized exchanges such as Coinbase, Kraken and Binance are doing bad things like mocking Bitcoin that “the concept of Bitcoin is designed to rebel” is what will make Bitcoin price even more crashing.