This will certainly accelerate the adoption process. We know that Crypto still needs great support. And hope there will be regulations that can protect investors or all those who invest in Crypto. This will also increase trust in all investors.
Well, that sounds great but trust me that is never going to happen. All these countries in one way or the other are in sought of cold war running for power and cannot let the other country make money more than they do.
More money, more power. And for your information, China does not accept Bitcoin at all due to her policies so this is never going to happen though it would have increased the price level to the highest peak.