While the gist of some of what you are saying is trueish, you make several major mistakes in your assessment: 1) You’ve obviously never heard of Monero and the other privacy coins. 2) You don’t appear to understand the idea of a fully decentralized crypto blockchain. While governments have major regulatory tools for regulating/controlling crypto, they will have great difficulty in succeeding against fully decentralized exchanges/cryptocurrencies/dao’s etc. 3) Knowing a little about something can lead to large assumptive errors.