I think Ethereum is silly too. But you have to realize that their argument is "we'll make our own contracts, and what the computer says is the absolute truth - no judges or kings."
In that world, there is no such thing as stealing. If the crypto transfered, it was allowed to transfer by the contract.
The part that "true believers" are meant to hate is that now, someone on one side of the contract is grasping back to Money 1.0 concepts of conceptual ownership and meeting-of-the-minds type contracts. This enforcement action shows that the government thinks of Ethereum et al in this way too. And therefore the crypto paradise dream is dead.
In that world, there is no such thing as stealing. If the crypto transfered, it was allowed to transfer by the contract.
The part that "true believers" are meant to hate is that now, someone on one side of the contract is grasping back to Money 1.0 concepts of conceptual ownership and meeting-of-the-minds type contracts. This enforcement action shows that the government thinks of Ethereum et al in this way too. And therefore the crypto paradise dream is dead.