this would indeed be a serious blow to current price of crypto. Many projects would die and tons of liquidity would leave. Liken to a mass extinction event. But

this would indeed be a serious blow to current price of crypto. Many projects would die and tons of liquidity would leave. Liken to a mass extinction event. But like all gov attempts to ban something, there would still be a cohort who believe in the product and keep it alive. And over time, from the ashes, the value would grow again