"He asserts the only meaningful way to prevent such mass thefts of computing power is to make cryptocurrency illegal."

Hmm, What a horrible crime, I wonder how we counter the mass theft of wealth by the central bank policies of inflation? Theft of wealth the common folk struggle to make by toiling in jobs they are slaves to each week, while central banks print trillions and they are worried about theft of computing power?

The whole point of this monetary revolution is completely lost on them, it's an extinction event and they really don't understand that yet.