Because crypto competes with other investments and the USD that the government and the banking system they're in bed with don't control, and right now the US government seems to be very anti-crypto under the guise of combating money laundering and all that stuff.

Vote republican, that's all I have to say.  Biden will be lucky if he doesn't die in office this term because of his age; imagine if he ran for re-election?  He's just a puppet, and there are some seriously nasty people who've got their hands up his ass as far as crypto is concerned.  Either way, republicans are generally for less government and are pro-business so that's the way I've always voted.  Except for Trump that is, and his presidency didn't turn out to be the nuclear war armageddon that I thought would be the case.