(...)Do you think Monero will be able to survive this? Does it still have a future? As for LocalMonero, what other options are available for P2P trading? Your input would be greatly appreciated. Thanks in advance.

With me, its doesn't have to face a disaster like Terra, FTX,... and in fact, despite legal regulations on privacy coins, they will still have their own market support in a way that cannot be banned be absolute.
For now, there's nothing to fear as people can still easily buy it from a number of different services. I think it's just a way that powerful parties want to impose some areas to control the crypto space, but with the development of this field, perhaps the opposition will only make it more noticeable and there will be a solution accompanying the law.