"Money laundering poses a clear and present threat to citizens, democratic institutions, and the financial system,”
Nice of them to think of us citizens first, although I am not that clear presently on how laundering crypto currencies is a threat to a pensioner.
Mostly, I think it's threatening revenue gathering and the profits of financial institutions who are not getting a look in and therefore a cut.
As with most things cui bono, you must offer offer a few (large) crumbs to the establishment or they will make laws against you.