They’re admitting defeat by fighting privacy coins sure, but they are going to cause some serious market wide FUD in the process.
Shit is going to proper hit the fan here. I think that the privacy coins will win out in the end, but there’ll be some casualties in the meantime.
Some of those coins won't be able to survive the storm but others will and then the guys in the top will face the huge fomo while being unable to stop them anymore. One can't beat cryptocurrency, they are designed to resist the governments.