After this news, the market dumped hard. Even worse, it looks like it will affect other privacy-focused coins such as
$XVG, $ZEN, $XZC $DCR, $KMD, $BEAM, $DCR.
The reason behind this is America's pressure on privacy-oriented currencies due to the possibility of money laundering, and the Financial Working Group on the Prevention of Money Laundering (FATF) is expected to put further pressure on this issue in 2021.