And what is their way? Making self custody illegal? First of all that can’t be enforced. Millions of self custodied Bitcoin will be moved to individual brain wallets.
Discussion
Whatever it takes. I don't work for them so I'm not going to speculate. If they want an ETF, they will only get in at favourable prices. Anything else is just ideological belief, IMHO.
I think speculating that there’s a way they’ll collude with regulators to stop Bitcoin without actually thinking of a way to do this is pointless conjecture