That's not really accurate. For most people, they deal with financial institutions directly via the fiat onroads and offroads fror the exchanges.

The fact that you can formally buy, exchange, and cash out of crypto with full banking support gives cryptocoins a veneer of Government support and legitimacy.

The USA bans online gambling and ponzi schemes. Cyrptocoins are worse, because they include a side order of immense waste of electricity and advanced manufactured computer chips, and enable ransomware.

I think this article is completely correct. We, as members of the tech community, have a duty to communicate with the public and democratic representatives that cryptocurrencies are a harmful technology, and the formal exchange of them for fiat should be banned.