I'm sure crypto will continue to grow rapidly until later. The world has begun to be literate about blockchain technology. Maybe this makes the top dog a little scared. Although China has started its own crypto which is certainly cetralized, but this will open the eyes of ordinary people as much as possible there in the world of crypto and blockchain. Which of course this is very good for future market development. Not to mention that Turkey will digitize their lira with blockchain. All eyes are now on the crypto world.
Those "top dogs" you are talking about are also really concerned about peoples security. Now, don't deny that there are right now lot of flaws when we will be trying to use it as a tradition crypto currency instead of fiat currency. More improvements are needed to bring a perfect crypto currency that is ready to be used as a legal tender. A currency that can be used by anyone without any problems and at ease.