There's probably some truth to that but most cryptos are distributed and permissionless. The hallmark of something that's compromised is centralized and controllable.
Bitcoin has weak points (e.g. miners, exchanges, and lack of privacy). I think Monero is a better solution long term but the more wealth the elites have in crypto the less likely it is that something dramatic like banning it can occur.
There's probably some truth to that but most cryptos are distributed and permissionless. The hallmark of something that's compromised is centralized and controllable.
Bitcoin has weak points (e.g. miners, exchanges, and lack of privacy). I think Monero is a better solution long term but the more wealth the elites have in crypto the less likely it is that something dramatic like banning it can occur.