Although, you are not wrong, one of your assumptions makes all of this not right.

We don't live in that kind of world. The US is not America.
And The US politicians do not do anything for America.

The mother WEFers has a plan to destroy America. And so, The US will not do anything that helps the people, like approving crypto, or working with it. In fact, those mother WEFers want nothing better than to control and destroy decentralized crypto.

China was supposed to be the new great power which the mother WEFers would hide behind, but they got double crossed there. However, the CCP wants control just as much as the WEFers.

So, all of this jockeying about is not out of love or hate for crypto, it is about control. And they are playing a fine line between keeping it above board, and forcing it underground where they can never get rid of it.