Are the SEC & FDIC trying to sever the crypto industry?

Is there a growing concern among market observers that the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC) are attempting to undermine the cryptocurrency industry? The regulatory actions taken by these institutions in recent months have sparked debates about their potential impact on the innovative and rapidly growing sector. Some argue that the stringent rules and guidelines imposed are stifling innovation and limiting access to financial services for millions of people. Others, however, believe that these measures are necessary to protect investors and maintain financial stability. What are your thoughts on this? Are the SEC and FDIC intentionally aiming to decouple the crypto industry from traditional finance, or are they merely seeking to establish a more robust regulatory framework?