Bitcoin is a dire threat to the state. They wouldn't be doing this otherwise. They know it takes away the seniorage, power, and control that fiat gives them. There will be a final reconning, this has been true since Satoshi mined the genesis block.

Now is the time to remember: they are losing and they know it. The dollar is losing its reserve status. The US government is run by a senile puppet controlled by pedos. The equally corrupt and incompetent government is spiraling into totalitarianism, surrounded on all sides by threats like free speech, the internet, failing institutions, collapse of trust, encryption, and most of all Bitcoin. This is the moment it was created for.