I think you compare apples with bananas.

Binance is targeted by existing laws against money laundry, bank license etc.

TikTok is suggested spying on people.

Why would TikTok matter here at all?

And me and other people said it often enough: as soon as crypto is big enough to threaten countries control over money they will make it illegal and the loudly repeated benefit of uncontrolled money will be gone.

And it was also always clear that crypto is not solving this problem because it's by design and not a problem to solve.