Is the Federal Gov't Interest in Bitcoin Good or Bad?

My question is whether you, as a BTC user, feel the Administration's new interest in holding a Bitcoin reserve is a positive or a negative development? I understand the potential economic benefit of growing the market for Bitcoin; but the other benefits of crypto, like the privacy/security aspect, would seem to be much more at risk when a government tries to assert influence - one with quantum computers that can both mine coins and crack codes better than any other user in existence.

My one friend who hold a fair amount of crypto thinks it's a good thing, but as someone who first learned about BTC around its security and anonymity value, it would seem that for some people, it would be less valuable if the Federal Government had its own Bitcoin mining and administrative tools and oversight influence. What say you?