Very true, they are clueless.
My question is what can they really do? China went much further in its attack on bitcoin than the US can do yet bitcoin can keeps moving forward.
It seems that the more they talk about regulating, the more powerful cryptocurrency gets.
If they're smart they'll get the printing press running and buy BTC.
The banks are already doing that.....they are taking their fiat and getting into crypto....
JP Morgan even got caught with their hands in the cookie jar a couple days after Dimon was blasting it on TV.