Crypto and the US Government are headed for a decisive showdown

In the US. In the UK, a civilised detent is emerging, most recently a 550 page document from the Law Commission proposing common law approaches to dealing with digital assets as property.

https://www.lawcom.gov.uk/project/digital-assets/

There's a whole new thing happening over here.

The U.S. government is doing something similar to the boiling frog trick... (one law after another to make crypto less useful)

The US is only country which sees the threats to the dollar's dominance as existential threats. If the US decouples itself from crypto, the whole rest of the world will see it as a potential replacement for everything they want to decouple from the dollar. With russia effectively already removed from the world system, btc becomes a viable alternative, with the bonus point that americans will have legally shut themselves out of it, and thus unable to manipulate its price