That's a real concern. Governments and banks are known for trying to maintain control, and they might see crypto, especially Bitcoin, as something that needs regulation.
The traceability of the Bitcoin ledger does make it susceptible to surveillance and control if KYC becomes mandatory for miners or users.
However, we shouldn't underestimate the resilience of decentralization. The community can push back against such measures by advocating for privacy rights and supporting technologies that enhance anonymity.
As for Monero, its privacy features do offer a different kind of resistance to regulation due to its untraceable nature.
It's crucial we stay informed and prepared. We need innovation in preserving decentralization against regulatory overreach. Let’s keep fighting the good fight!