Lightning (A layer-2 network based on Bitcoin) is similarly untraceable as Monero, without being an actual cryptocurrency. Yet the fed doesn't seem to concerned, probably also because few people and institutions understand Lightning, and the fed is not one of them or doesn't want to go against Bitcoin.
Old paper, old link. Most of it is not relevant anymore today. They also do not compare, as Lightning is NOT a cryptocurrency nor does it try to be. It is still Bitcoin.
Please kindly provide evidence for your claims and please be factual to point the current privacy concerns still open today and what has been addressed (if at all).
Lightning is a token representing bitcoin, same as USDT representing USD.
