appears to imply that they have no plans to attempt to regulate protocols like Bitcoin, aside from the usual AML stuff. The focus will definitely be on the stablecoins that claim to be backed by fiat or other assets, because this is the part that requires trust. Trust can be abused, therefore requiring regulation around consumer protection.
In essence, protocols can't lie. Companies can (and often do).
Maybe they would love to have influence over Bitcoin, but they realize they can't do anything to it, even if they try to pressure the developers. But they can pretty effectively regulate Bitcoin's ecosystem if they regulate exchanges and other centralized services, since 95% of traffic comes through them, while decentralized alternatives are still not popular, and they gain users very slowly. If people keep using Bitcoin like they use fiat money - by giving it to trusted third parties, then Bitcoin really doesn't challenge governments or banks.