I mean, you can basically do that now, with more steps. And once taproot is implemented on BTC, it will basically be a privacy coin in its own right. I don't think THORchain currently has enough users for that to make an immediate difference. I could be wrong.

But you're right about the regulators. Going after XRP was absolutely stupid, and will likely be a huge setback for them in the long run. They could have gone after privacy tokens or DEFI and done a lot of damage to this space. Instead, they tried to go for XRP in a bid to set a precedence for going after basically everything except for BTC, and they will most likely fail and set an opposite precedent.

If they succeed, it will do a huge amount of damage to the crypto space in the medium term, and irreparable damage to American competitiveness in the long term.