Some cryptocurrencies are anonymous which transactions can be traced, this even pose greater risks. But know that noncustodial wallets can not be regulated, but exchanges will be the ones that will be regulated.
Every administration with new regulations, this new regulation is the first from president Joe Biden, which is why I shared the news here. With anonymity, as you pointed out, is the reason this administration hired tech experts to trace their transactions and high privacy networks such as the Bitcoin lightning network and monero I the most targeted so in this regard, noncustodial crypto wallets will not be left unchecked.
