As others have brought up, the US has a tendancy to use corporate actors as mechanisms of law enforcement.

Tech companies sell data which can be purchased for mass or individual surveillance, but to anyone.

The custodian that issues a US crypto token, will have certain compliance requirements.

Companies are just law enforcement with happy little mascots these days, and by their nature are worse than if a government body with all of its political restrictions, lazy federal workers, and bloated budgets did it themselves.