This is really about the CCP's need to control its populace. crypto-currencies remove the government's hand in financial transactions, which threatens the entire communist system. I really don't think there's a conspiracy to manipulate the crypto market, but rather to exert more control over their population. Chinese citizens are already required to report other Chinese abroad that are doing anything that could threaten the CCP. Look at Hong Kong, they cracked down on the independent democratic government there. This is the real power of BTC, and by getting this message out there, we can hopefully reverse the negative trend that's hit the market recently.