Crypto has had a rough few years. With the bear market and the collapse of several crypto exchanges. The US government has never been a friend to crypto in general but it seems to be ramping up it's aggressiveness. For instance you have Senator Elizabeth Warren campaigning saying she is building "an anti-crypto army." 

This is most likely because of the US dollar dominance being seemingly attacked by nations who are most likely concerned by the US's weaponization of the dollar. This also happens to be at a time when Bitcoin is rising due to instability with USD. 

For crypto this is a positive time for price action. However there is obvious fear for crypto investors about the potential of a total crypto ban as the US government seems to grapple with the repercussions of their actions. Printing trillions of dollars causing higher than normal inflation being one such action.

It is clear that crypto is viewed as a potential off-ramp for USD holders as a safe haven asset. But now it's being attacked by lawmaker's more than ever in an attempt to keep the dollar strong. Coinbase being threatened with being probed by the SEC shows that crypto is under attack. Coinbase has been trying to get regulatory clarity and yet the government would rather fine them. 

Coinbase, Kraken, and Binance have all been targeted by American lawmaker's recently. We don't know how far the US government will go to try and kill crypto, but it's obvious they want it gone. But it's not going to disappear, and I think they know that. In fact, in light of the current events, I think crypto will get even stronger.