The gov going easy on bitcoin has its tradeoffs. It’s one of the reasons why noncustodial solutions suck. The harder the gov is on custodians, the better the alternatives will get.

If bitcoin is anti fragile, or meant to be at least, we should all wish for the government making it hard to use. In the long term, I think that’s what’s best for bitcoin. In the short term, and practically, it sucks.

Fortunately, I don’t think governments being nice to bitcoin will ever last longer than 8 years.