The US government and the cryptocurrency market are having a lot of ups and downs, and it seems like they're headed towards a very important conflict. This conflict will determine the fate of many people and companies involved in cryptocurrency. They might have to shut down or move to a different country.
this is not a new thing at all. Politician have always kicked against anything they feel they aren't in control of and around other countries of the world, there has been regular statement that has been geared towards putting cryptocurrency into extinction. I personally don't feel that cryptocurrency will go into extinction regardless of the pressure coming from the angle of these politicians.
Everything is being done in order not to destroy the cryptocurrency, but to adapt it to one’s own needs in order to get the maximum benefit, the United States has been trying to do this for a long time. Cryptocurrencies pose challenges in terms of regulation, security, and their impact on traditional financial systems. Everything that happens is quite expected.