Web3 is a long form scam designed to trick people into joining a finance system that doesn't serve their best interests or protect them from scammers, while allowing Violent people who would otherwise be banned from the actual real world finance system due to anti-violence laws, to still take part in capitalism while still using violence to meet their ends. That is, in summary, The only reason Web3 exists is to allow violent criminals to have access to the financial system they would otherwise be banned from. It's not an upgrade, and it actually has less features than the typical real world finance system that it claims to be scared of.
You ever wonder why?
Web3 calls itself distributed. But the bank system is also distributed. The cold and hard truth is the reason the people shrill web3 is either because they have a lot of e-coins and are now trapped in that system and at risk of losing funds if they don't use it, so now they need to try to get value out of them, or they're just angry that a bank has the power to force a refund if a customer complaints about being scammed, sold a defective product, etc.
The fact is most of the people who got into web3 were the kind of people that wouldn't have legally been allowed to open a merchant account with a bank anyway. Or they never tried. Or they were too young to try. Or they had criminal records.
Web3 is not secure for the customer, as you can't force a chargeback if you get scammed. So it's not really that secure. That's also a big reason not to use it, compared to using the real financial system that has universally respected and supported all over the world.
The only reason I have heard people talk about liking Web3 is that it is designed to not allow people to do chargebacks, but that is a negative, so its doesn't serve the needs of the global finance system by default, because unless a customer can reliably dispute a bad transaction on their account when they get scammed or stolen from, then the system can have no legitimacy in the eyes of lawmakers or users who expect to be protected and consider this lack of feature to be a downgrade in their security.
Why? Because the expectation is that capitalism will work and protect you from violence by doing so; As in return for accepting the violence of a capitalistic system, The upgrade you're being sold is that you are giving up on the violence of physical violence being done to you an have chosen to negotiate and trade fir goods and services instead. That is why people chose capitalism, because it was better to trade with others than it was to go to war with them. We do capitalism because we are against physical violence.
So it really doesn't make sense to me to support web3, and allow people to do violence instead of being constrained to capitalistic systems, because web3 is a downgrade to our security and allows people to interact with capitalism and commerce while also skirting the laws around "no violence if you want to be a capitalist". Web3 is simply a back door to allow violence to take part in capitalism.
The people who support web 3 just want violence and chaos. They just want to be able to scam people and not allow them to seek refunds if things go wrong or not in their favor. As a customer, there is no reason for me to support web three or electronic currency because it doesn't give me the same freedom that a bank does; Its a downgrade and its less secure, by default.
So yeah, the Crypto crackdown will keep going, because the people who are doing it know how much they're protecting people by doing that. And so they're going to keep doing it until the job is done, just to protect people.