Agree lots of good research in here, and interesting to read something in depth from the perspective of a person who "understands" (but doesn't "get") Bitcoin. His basic moral framing is that US financial regulation is good, but could be slightly improved. He's also established himself as a solid never-coiner, so will not admit things like Bitcoin is different or that there are any use cases besides gambling and crime.

But this is how smart people aligned with the US Treasury think, and why we should expect this type of crackdown to be just the beginning.

Stay humble, self-custody sats, coinjoin + lightning, mock the government at every opportunity.