One certainly can argue that financial privacy aka a Swiss bank account on your mobile phone is nothing corrupt clown-world-governments would want "their" citizens to have access to. That's why the will try to "regulate" it out of existence or outright state attack it*. More on that below.

One may dream

In another world where people are free to choose their destiny and are not herded into certain government "certified" and commanded trades the same headline could sound like this: "Monero has delisted most CEXs & is banning EU regulators next."

* Must read paper on how to treat different cryptocurrencies from a government/regulator perspective:

In this paper the authors are specifically talking about three coins: Bitcoin (good, but likely not GDPR compliant), Zcash (good) and Monero (bad, because not AML/KYC compliant). They haven been classifying those three coins along the talking points in this article.

Monero is the coin that is seen as a risk to public safety hence deserves to be state attacked. Quite a few mechanisms are described in that article that many here suspected for a long time (e.g. price suppression, network attacks,…).

"A set of tools to combat privacy-coins may include means of a different technological, regulatory, economic (fiscal) nature, also including state attacks on underlying privacy-blockchains. The letter tool, as possible regulatory access points of the blockchain space, was already mentioned by Finck [16], however, without further analysis in that domain. The AML/CFT measures should concentrate on the cryptocurrency of indicated networks, instead of targeting the people who are members of their communities. The tools can and should aim towards reducing the particular currencies’ value, consequently inducing a voluntary outflow of their users."

Back-up link to the paper: https://web.archive.org/web/20210312070922/https://academic.oup.com/cybersecurity/article/7/1/tyab004/6166133