Will government crackdown on cryptocurrencies escalate?

With the recent surge in popularity and adoption of cryptocurrencies, the question of whether government crackdowns on these digital assets will escalate remains a pertinent one. Could tighter regulations, stricter taxation policies, or even outright bans on cryptocurrencies be in the NEAR future? Are governments concerned about the potential risks posed by cryptocurrencies, such as their use in illicit activities or their potential to destabilize traditional financial systems? Or are they simply seeking to capitalize on the booming market by introducing their own digital currencies? What steps can be taken by both the crypto community and policymakers to foster a more constructive dialogue and find a balance between innovation and regulation?