you are not wrong, and that's right, crypto also has a huge risk, because its volatility is hard to predict, but on the other side, I think the government feels threatened by bitcoin, they are afraid of losing national currency. so they try to cover crypto.
Government did not want to kill Bitcoin instead they want to control them by Regulation of all possible transaction using digital currency transaction. some country want the Bitcoin to control, they even think or asking how Bitcoin can be Tax (all transaction)