I don't see how this would control bitcoin in any way

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thats because people dont believe that

the environment Bitcoin operates in

has any effect on the people who use it.

it does. things do not exist in a vacuum, no man is an island...

etc

I don't disagree, but ultimately this kind of thing will have the most profound effect on wall street. Slightly less so on your average American, and far less so on the other 97% or whatever of the world's population. That said, the US obviously has a strong cultural influence, but I just don't think that will make much of a mark on bitcoin as a whole