There is no crypto without a blockchain, and blockchains live on the internet. Btw the projects that are worth in this environment are decentralized.
Federal courts in the US are passing laws and these laws are valid only in the US. They don't threaten the survival of the "crypto industry" cause they live on the internet, not in the US. It just makes it harder to create a legit project in the US, or if you are a user you will need a VPN to access some sites that are not available in the country you live in.
This is why there is binance.com (for almost everywhere, except US) and binance.us (only for the US). This article fails to mention this difference so claiming that:
The cryptocurrency industry is counting on the federal courts to survive
makes it clear to me that the author has no understanding of how crypto works. That's my good faith take on this article.