Many governments are concern about cryptocurrency and they think it should to be regulated.
They are concern not because they are trying to protect their citizens but they are concern to chase those citizens that are making that much money with crypto so the solution would be regulation and taxation.
What do you think regulation and how is it going to effect the price ?
There are people who are saying that regulations are good but crypto's aren't meant for that but most see that it can be a good boost for the market.