I'm surprised because I thought the Trump administration was hot on crypto.
The vast majority of (especially less tech-savvy) crypto people are in it for the speculation. They have no interest in self-custody.
Hot on being bribed by political donors to do their bidding. Crypto donors are going to be abroad and so unaffected.
Sure, the approved and controlled kind. Wheels of government turn so slow this idea probably started several administrations ago.
They might be pro-crypto, but you're not in their group of special people allowed to anonymously own it. You have to use a wallet service owned by someone in that group, so that you're always under control.