Well, like the op rightly said, it's expected, and at least, this puts an end to the unreal believe that bitcoin and cryptocurrencies are above governmental regulations, it's evidently clear now and I honestly feel indifferent.
I personally don't have a problem with them knowing my wallet address or addresses but what I will feel so sad about is if they have access to my wallets(even though its decentralized) as it is with my bank accounts, if this should happen, then maybe decentralization should be taken out of English dictionary cus it failed to exist.

Anyways, I wish this is never passed, but if it's going to be passed, it should take great many years.