What's the point of having Decentralized finance if our data will need to be collected and submitted to the government? It makes zero sense to me because if that becomes the status quo, then they'd be no point opting for a DEX instead of just going straight to a CEX because at least it's clear that using them will require KYC from the onset.

Slowly, any and all forms of privacy and anonymity tools are being stripped down from crypto. What's next for us? Zero knowledge. I'm sure they'd come for it too.