As with anything else that "threatens" the status-quo of government overreach and control, crypto is essentially being attacked every way possible from all avenues of disinformation, propaganda, tyranny and legal regulations.
Crypto first started out as an independent decentralized way to transact and trade. For a long time, it was widely unknown and used only in a microcosm. Many of current events, such as but not limited to; the collapse of Venezuela, the desire to avoid taxation (which frankly, is extortion to make people pay for things that they may or may not agree with under the threat of encagement) and a way to retain freedom, wealth and value, have brought crytpo into the light of popularity. While nationalist currencies continue to lose their buying power due to corporate, governmental and NGO ponzi schemes and gross negligence (intentional or otherwise) from those "in charge", governments and corporations are hand-holding in making sure that only their "club members" get to retain their wealth and power while the individual is legislated back to basically begging for some semblance of comfort.
Back in about 2008, I experimented with mining and had acquired only 2 bitcoins for myself. Unfortunately they were lost due to a hardware failure but it was a fun new technology to dabble in. Today, the regulations are so strict that crypto is being treated as a "stock" or an "investment". You can't buy it without "papers please". You can't profit from it without the "mob" taking "their cut". To hell with what you work for and earn, it is never yours according to "the powers that shouldn't be". They won't outright say this, but it gave too much freedom and power to the individual and they certainly can't have that, now can they!
The profitability and utilization of crypto now mostly lies in the hands of a minority, similar to the stock trade where only a very tiny % are the ones prospering. "It's one big club, and you ain't in it. - George Carlin" So in essence, regulations, permits, licenses (asking permission), fees and control have effectively destroyed the uncomplicated ability for the "small person" living at borderline poverty to have the capacity to utilize this great invention for improving their life.
Can you still get into Crypto? Sure. Can you still make money from it? Yes. But at what cost? The regulations have made it both very difficult for the "little guys" and have gutted most of its viability as something that was conceived to be decentralized. It's no longer about the freedom it once provided but is now just a last "Hail Mary" attempt by the remaining people who aren't completely financially destroyed, living almost paycheck to paycheck, to reach out and virtually plead for some form of sanctuary against an inevitable economic collapse or tyrannical takeover.
The only solutions I see now are precious metals (tangible, not ETF's) and the hopes that someone can come up with a system that can't be as easily usurped. Likely not possible because they will just criminalize anything they can't control.
The governments just try to get their hands on everything 😔.. I hope they don't interfere