China Bans Crypto

So I see All Cryptos are falling, Bitcoin and Seth, especially. Is this because china 🇨🇳 is banning them? I think Yes, and with the Whole 🐝Conneeee Ponzi that just happened, people lost a little faith in cryptos. Nomatter what anyone says, it's not 100% legit yet.. In order for Cryptos to be What Creators are saying they want them to be, you would need a social revolution, Actually, you'd need a full blown revolution... I say this because nomatter what, at some point the United States Gov, and Probably other Govs around the world will NOT let citizens play with a currency that cannot be taxed or regulated.. The whole point of the US Government is to Keep people Dumb and working, also Buying. So a full blown revolt and overthrow of all current powers would be needed to have the Crypto Utopia that everyone desires.