Probably, this is another case of some money laundering charges. The issue here is we cannot deny this fact as well that even though an exchange/wallet might not be included in this money laundering, people have been finding loopholes and continuing to do these kinds of actions. Here neither the government nor the exchange owners can do anything.
However, as I do not reside in the US, we cannot be sure of anything just by reading the news media. We all know, how manipulative media is nowadays.

As a few said, I also think that the US and everybody wants to regulate Bitcoin and the crypto market. But I doubt the US will be falsely accusing somebody of doing that because this does not make any sense. Now, when the non-custodial wallet case is added, all of this turns doubtful. Again, Exodus is running and working fine as much as I heard from some online friends and Exodus is a non-custodial.

Something is cooking but I guess as of now nobody knows what exactly it is. Everything is confusing and some information and facts are itself contradictory.