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Legality has no moral or rational authority. Remember, slavery was "legal" and the Underground Railroad was a "criminal conspiracy to deprive people of their lawful property."

Irregardless, it has jails and armies...

All the more reason to not allow them to acquire even more power over things that were created to be trustless, decentralized solutions to government monopoly messes.

Lol allow? How do you plan on not "allowing" that?

I'm not sure you really understand how the world actually works...

Maybe it doesn't work the way you think it does. Withdraw your consent from the system that demands your compliance under duress. See how the world really is. Governments don't work for their citizens. Their laws are not for our benefit.

Ok, well give that a try and let me how that works out for you.

Cryptocurrencies were designed to do exactly that. And then we get people like you who think the governments that screwed up their own fiat money systems need oversight over ours, too?