It is nice that we have come that far eh? Regarding China I think it has to do with the fact that China plays such a small role regarding bitcoin's price these days. China used to be something like 80% of the crypto market a few years back, now they are less than 10%. Once the miners are no longer able to exploit the cheap electricity rates there, China will literally be a non factor. I just hope they actually follow through with this news so we can watch the price of bitcoin climb on the backs of it. :)