It's easy to paint the big gov as bad, but this is a case where unfortunately the populace seems to be in agreement with the big bad gov. While most US citizens support encryption, 76% or so, the vast majority 63% also favor government "backdoor" access for national security reasons.
I guess either we believe in democracy or we don't. It could be said that if Veracrypt isn't/can't be backdoor'd, perhaps the gov is simply implementing the will of the people :( via Microsoft.