I don't think yours is a "conspiracy theory", but like conspiracy theories, this approach presumes that there is some powerful group, or at least a loose association of people at the helm of the regulation, who are steering the course of BTC in a way that favors their stakeholders - banks, paypal, Western Union, etc. I think that the truth is actually more terrifying: the regulation is rudderless. There is nobody and no particular group of people at the helm.
Centralized money-printing sets the course of the economy, and of the government that depends upon it. The direction is towards centralization and control. It isn't a "conspiracy theory". Ben Bernanke gives regular press conferences. It's the entire reason Bitcoin even exists.
US Government is acting beyond stupid, as usual. Let's them shut down the Bitcoin Foundation. Then they can declare "war" to a p2p protocol. That's gonna be funny, I'm waiting.