They *cant* regulate bitcoin for the sole reason that the cost of administration will be too high.

If everyone disobeys there will be some individuals caught up in their regulation efforts but the price of bitcoin will benefit from their increased attention, endorsement of legitimacy through regulation, etc. Those individuals asked to enforce regulation will demand to be paid in bitcoin as their dollar salary continues to be debased…or those individuals will be so totally incompetent that they can’t administer any regulations effectively.

Simply delaying bitcoin’s “ruin” and giving bitcoin legitimacy into the 2028 halving will end all of this totalitarian crap. The Constitution and the SCOTUS will protect bitcoin long enough for it to win through whatever regulation(s) major governments try to throw at it.

In the meantime, run a node and keep a single home miner to defend the network. nostr:note1qpensgtc56mldqjexwkq2jhzepp4evrkjlk8lf9269cxzk6vu48srw9wa2