Decentralization aligns right behind lack of regulations so I don't know what people were actually expecting, and that's not the worse that can happen, well I guess if one is a significant crypto holder and your investment is gone, but with digital currencies, if adopted or mainstreamed, there is no regulations similar to fiat money. As a result, they can just take it, they don't have to have a court order, subpoena, nothing, notta, zilch, they can just confiscate your digital currency if you owe the state, feds or IRS money.
Really makes you wonder though exactly what Trump has holding over everyone's heads that people are so scared to investigate any of this going on. Yeah, I have to agree, it is giving crypto's such a bad name that as soon as a different administration is seated, and it isn't Vance, down the drain crypto's will go.

I am not so sure about Bankman as you are, I think he's to broke to fight his way out of a paper bag, the only out I'd see for him is if he was owed a favor by someone rather high up. He is though, Jewish, so there's that angle to content with, some people think Jewish people get away with everything.