Bitcoin did really bad when the government wasn't watching, too.

I do realize there is a sizable portion of this forum's userbase who subscribes to absurd and extreme libertarian ideals, but let's be realistic, government regulation and oversight, when not excessive and applied properly is a good thing not a bad thing. The very nature of cryptocurrencies make them mostly censorship resistant, therefore we won't be witnessing a (succesful) blanket ban.

let's wait and see.

It most probably will be a good thing for the technology and ecosystem in the long run.

If it will not be, crypto will simply react.