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There is a reason why people, especially those outside the US, are treating the series of events of past few days as if it were a regime change, and the reason is it satisfies most criteria for it. From [1]:

  “Regulations, basically, should be default gone,” Musk said. “Not default there, default gone. And if it turns out that we missed the mark on a regulation, we can always add it back in.”

  “These regulations are added willy-nilly all the time. So we’ve just got to do a wholesale, spring cleaning of regulation and get the government off the backs of everyday Americans so people can get things done,” Musk said, adding later: “If the government has millions of regulations holding everyone back, well, it’s not freedom. We’ve got to restore freedom.”

1: https://www.huffpost.com/entry/elon-musk-regulations-default...