Because it’s detached from reality and shows a misunderstanding of how deeply embedded secure crypto is into everything. Nearly every X86 processor now supports AES intrinsics that are used in the building blocks of far beyond encrypting messages (e.g. golang’s hashing).

Additionally, a from scratch implementation of AES in JavaScript or any other modern programming language is a junior level task. Unless you propose trying to ban every copy of the AES algorithm, it will be trivially implemented and passed around regardless of what FAANG does.

Money laundering restrictions work because everything goes through a fairly centralized banking system. Crypto has no such equivalent.

>Money laundering restrictions work because everything goes through a fairly centralized banking system. Crypto has no such equivalent.

You are treating encryption as an independent end goal by itself when it is only a tool that is used during communication and storage. Communication and to a lesser extent storage are highly centralized. How much of the average person's encrypted communication occurs in a channel that is not touched by some US company?