Spectate Gui Adder, Crashes game?

Ok so I have this script that at certain times it changes the spectate gui on your character so your able to see it and spectate if your on a certain team. Everytime I test it in studio it crashes the server... what did I do wrong?

Here is my script:

wait(1)
while true do
	
	if game.Workspace.SpectateDisabled.Disabled == true then
		
		for _, player in pairs(game.Players:GetChildren()) do

	 
if player.TeamColor == BrickColor.new("Medium stone grey") then
	wait(2)
		player.PlayerGui.SpectateGui.Button.ImageTransparency = 1
			wait(2)
				end

if	game.Workspace.SpectateDisabled.Disabled == false then
	for _, player in pairs(game.Players:GetChildren()) do
	 
if player.TeamColor == BrickColor.new("Medium stone grey") then
	wait(2)
		player.PlayerGui.SpectateGui.Button.ImageTransparency = 1
			wait(2)

					end
				end
			end
		end
	end
end

-And would this possibly work?

wait(1)
while true do
	for _, player in pairs(game.Players:GetChildren()) do
	
	if game.Workspace.SpectateDisabled.Disabled == true 
		and player.TeamColor == BrickColor.new("Medium stone grey") then
		
		wait(2)
		player.PlayerGui.SpectateGui.Button.ImageTransparency = 1
			wait(2)
				end

if	game.Workspace.SpectateDisabled.Disabled == false 
	and player.TeamColor == BrickColor.new("Medium stone grey") then
	
	 
	wait(2)
		player.PlayerGui.SpectateGui.Button.ImageTransparency = 1
			wait(2)

					end
				end
			end