Transactions in most crypto are even more visible to the state than in normal banking, because they're in an uneditable public database that never loses history.
Crypto tumblers are a thing, and they make the public history unreadable. Bank transactions aren't public, but the government can get access, and stuff like money laundering is easier to detect than with crypto.
I’ll go further. All transactions should be public, especially those by government, all politicians, and anyone in a position of authority over others.