China is very smart. They play a big game with world and saved money of their citizens. China banning News outcomed when Btc price was above 50k and at one time it was looking that Btc will hit 100k this time. All theirs citizens sold their btc above 50k and other world was dumped to 40k-30k-20k and finally 15k. China knows that they cannot make fully banned on btc but they saved their fund.

USA presented many bills to regulate or ban on crypto but they not win over Btc yet and it's looking impossible and you are saying right thay its looking complete joke when any ban news outcome.