Bitcoin regulation just flew over my house

Bitcoin regulation is often the cause for price drops in a bull market as regulators seek to cool movement from traditional markets into cryptocurrency. Think of all the regulation talk during previous bull markets and the multiple attempts China has made to "ban" cryptocurrency. The latest news in this round of regulation rehash seems unwieldy as the rumor is a ban on holding personal Bitcoin wallets.
The story on bitcoinist.com
Mnuchin reportedly going to regulate wallets