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crypto companies != bitcoin
We would argue they aren't even fighting Bitcoin here, but it is just getting swept up in the awful umbrella term "crypto". We as a community need to work harder to break away from that, because it's obvious by now that we have nothing to do with it.
Of course you're right, but I'm not sure if the government:
a) doesn't understand the nuance, or:
b) purposefully throws out bitcoin baby with crypto bathwater.
I'd bet that Joe Biden's governments has no understanding about the implications of such a move whatsoever.
It's like "hey all these crypto companies are going down, lets solve the problem by killing more of them", Nevermind charging the real fraudsters like SBF and clawing money back from FTX US.
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Then they fight you...