I still see this as a stepping stone towards an atempt at more regulatory capture, but I guess It's just another test of Bitcoin's resiliency as long as they can't stop you from using it how you want, like I said before.
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Yes they will try but you can only regulate your citizens you can’t regulate bitcoin. They will see what they can get away with but the more individual citizens become bitcoiners the harder it will be to effectively regulate. If you go to far you drive entrepreneurs and bitcoiners off shore to friendlier jurisdictions. And jurisdictions will flip depending on party politics and who is leading a country in a certain time frame.