This guy of course talks from the comfort zone of being a beurocrat.
He doesn't have to deal with alienating all the crypto boys and girls.
And there are millions of them! Given that every election is won and lost by a couple of % points give or take...
What will happen is an implosion first and foremost, only once that happens the public will be calling for congressional hearings.
Get ready to see Saylor, Musk, Armstrong, Dorsey going to DC, but only after the bust. Not before.