As we see at the moment, some countries / government really do not want to accept Bitcoin and the rest of the cryptocurrencies, as a means of payment, and also try in every way to manipulate the market.
They state their reason why they don't accept but we can never know if they will try to manipulate it or not, it's never proven.
If you are anti government and pro crypto at the same time, maybe you can convince yourself that they are manipulating to prevent adoption.
This proves the fact that the SEC is constantly postponing the decision about Bitcoin -ETF, although the decision could positively influence the market recovery.
That's already out of our control, certain companies applied for approval and it's the SEC decision whether to approve or deny it.