I have posted/commented about this before and people have tried to clown me because they do not think it can be done. Chainalysis their who thing is compliance with AML laws and other government regulations. They are still under contract with the government because they can produce results. Even with upgrades to things like Monero all it does is mean that for a little bit it cant be tracked but Chainalysis ends up figuring it out in the end.

Sweden recently arrested some people because they were able to trace them through there BTC/Monero swaps. Monero offers privacy but it by far isn't perfect. The US government eventually is going to come in and do their own arrests but I only think it is going to happen when they have a clear example of a bunch of terrorists who commit an act and were fully funded in something like Monero.

They will then swoop in and go after the project because of the optics and try to cast it and all privacy coins in this negative light. However, no event currently has occurred or exists that would do what the Feds would want.