Miners and block validators being considered "brokers" and thus liable to collect KYC information about transacting would've been a show stopper in the US. First of all, there is no infrastructure for that. Secondly, the pseudonymity and censorship resistance of public, ownerless blockchain protocols is the very reason they exist. If miners and block validators were forced to only process transactions by whitelisted parties, that would game over. It would be bad enough if only the US passed such a bill because US regulations tend to be copied by other countries.
I do not want to live in a world where everything ordinary people such as myself do is constantly under the microscope and where the elites are not.
No doubt, the fuckers are trying to slowly boil the frog (= our right to privacy). Millions or perhaps even tens of millions of Americans own cryptocurrencies. It is time to offer your representatives in the Congress some feedback.