There's bipartisan support for banning crypto in the United States. Generationally, older Americans (who tend to be those who actually vote) are opposed to privatized digital currency. Then there's also the impending economic recession/depression that will result in crypto being used as a scapegoat, we already saw the spin as a result of Silicon Valley Bank and First Republic Bank.

This is one of the dangers of gerontocracy, being stuck to old ideas means more resistance to innovation and change that can make a positive impact.