The government will prioritize the greater interests of its citizens, rather than being a manipulator in crypto. In my opinion, the government is only trying to regulate local exchanges by making rules to protect its citizens
The government is a regulator, not a player.
And in many countries discussions about crypto regulations have shifted from negative to positive, with some countries even starting to take a more positive approach towards crypto.
Substantial and clear regulations are necessary for cryptocurrencies to flourish and achieve mass adoption.
However, more regulations could also mean that some investors have limited access to cryptocurrencies or other digital assets, which could significantly impact crypto financial performance.