I think that the government will not be able to do anything and the crypto will become stronger and stronger every day. And sooner or later the government will have to put up with this and allow people to decide their own destiny.
The government is able to do something and has done something, already forgotten that ICOs are banned in many countries. Should split your funds at least into three baskets like Cryptocurrencies, Stocks, FIAT. This enables you to constantly buy when the one market is low and sell when another market is high. And you are protected if your goverment decide that for whatever reason you dont need to panic totally.