Most governments around the world are against crypto because it undermines KYC and AML efforts. No amount of wall street lobbying will change that because the bureaucrats believe that "national security" is at risk if crypto is allowed to proliferate. Central bank digital currencies are popular among regulators and the national security apparatus precisely because they centralize control. It's also why Circle and USDC are widely accepted - all the advantages of being decentralized have been neutered to the point of uselessness.