Most folks here arguing that banking laws are also a privacy disaster only because of the proposed law. I'm not saying they were ok with it earlier and changing their stance now. Just that, they simply had no stance earlier and accepted the status quo.

(Personally, I think the wording has to be tightened. My only stance is crypto should be on-par with other banking laws. No special treatment. Crypto should (hopefully) succeed but shouldn't become a refuge for money laundering, facilitation of crimes and other less than desirable activities. It could lead to long term harm for the ecosystem than adding KYC and making it mainstream.)