Yes, there is no need to create any panic. The government can't take control over your bitcoins so if you sell your crypto in panic, it will be only your fault and not anyone's else fault.
Many people after reading the OP post, will panic sell and that's what government wants from us that we sell our crypto.
Most of those who panic after reading this post are the ones who really don't understand what crypto was. Decentralization is what the concepts and there's no government interference to take over.
If you fall into this panic, then more probably you lose your chance or you also lose your money. Rushing to decide without thinking,
Fuds are always here to shake those weak investors. Big whales are waiting for your assets once you've been shake they are the ones who will benefit to bag that coin and wait for the market to pump high.