For me the way they could try and bring it down is to make it a lot harder to get to, and trying to prove that bitcoing is mostly used for criminal and terrorist transfers and such, wich was the original stand they had when it became a thing. Financing terrorism and criminal activity annonimously is a big downside that can be pushed and used for putting people off of the crypto world.
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I think they are already pushing this narrative and even ramping up the rhetoric around this concept. While this is technically true...you can not damn a whole community when only a certain percentage is participating in that sector.
Exactly but they can make it harder for the rest of the people to use it so that small percentage stays on display. We all know how media works and how much people like to believe it.. it needs a really small push which is quite sad.