The more these "initiatives" by governments are coming forth, the more I realize that the governments are not going to do anything that is a positive for bitcoin, either from the regulatory perspective or in expanding the usage. El Salvador and President Nayib have proven to be a rare exception till now. The rest of the times, the noises made by governments are a result of self-serving politicians with a stake in bitcoin, like in this case.

The main players are private institutions who are taking an interest. The B Word was a good initiative although it could have done a bit more to set the record straight between bitcoin and meme-coins. Still, Elon's statement about "Government being the biggest corporation with a monopoly and violence" was a good example of the bitcoin ethos driving people's thoughts these days.

I think more than these isolated regulations, governments will have to slowly adjust around the economy and development stack that is evolving out of bitcoin, much like what happened with the Internet. That is the best path forward and any of these news about regulation by governments or adoption by banks (Futures, ETF et al) is just inconsequential in the bigger scheme of things.