As soon as Bitcoin market cap starts shooting up, the SEC starts banning coins and increasing regulation. It’s a correlation as clear as day. The US government is actively trying to suppress Bitcoin/crypto growth. This is no coincidence
Longer term, there are many other tokens/protocols that can fulfill XRP’s functions without its obvious weaknesses.
The GP has drawn a strange correlation in my opinion that doesn't follow logic. But I admit I could be missing the logic.
It's complicated. US regulators would absolutely ban all crypto if it started threatening the dollar and they had no other choice. However right now that isn't happening, and they are actually only going after pretty clear cases of fraud, which it seems like XRP was doing.