First of all you must know that such a bill is not new - yes it has been there for a while, but what brought it again , more strongly to say , at this point? It is the media. All of us know the media has been always in the hand of its illegal parents who are the gov mom and the business whales dad !
So, will this war succeed in making crypto holders fear sell? In mo opinion yes and no! Yes ( in the short run and definitely no on the long run ). Yes, will make a lot fear sell, and very little wise will not sell and will keep a hard hand on their crypto.
Buy the way a lot of whales will excite a huge pre-planed sell, until the price go to the most ground possible , and then they can buy dirt cheap again :) .. that's what I think about the illegal marriage between politics and business barons!
So to say again, I don't think this will eventually succeed .
Will the bill come to real execution ? Probably not , and if yes , when you are asked at airport if you have crypto ( of course you DONT have crypto) all you have is just a key phrase which many can claim they lost it lol
So no panic guys - it's a chance to be courageo bullish when all bearish .. and bearish when most others are bullish - that's the real investor mind.
Finally that's my opinion not an advice. You should make your own judgement
Chears !