Every time SEC Gensler attempt to regulate just like staking ban, it affects crypto prices even BTC. Its a endless talk with nowhere to go. This is a challenge to the industry because most government outside US are just looking up to what US regulators would do.
Bitcoin was designed not to be able to be regulated. Bitcoin IOUs can be regulated, but Bitcoin doesn't give a hoot.
Bitcoin IOUs are fake BTC, which many people are not educated enough to understand. But ignorance can only decrease.
However, if a government finds a way to regulate Bitcoin, it will prove Bitcoin is garbage and not worth adopting or caring for, because it will defeat the very purpose it was created for.